Major US indices open higher. S&P and NASDAQ at new records

Technical Analysis

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S&P and NASDAQ up six the last seven trading days

The major US indices are opening higher with the S&P and NASDAQ making new all-time intraday highs. 

The S&P closed at a record level for the 52nd time in 2021 on Friday. The NASDAQ index closed at a record high level for the 31st time on Friday.

The S&P and NASDAQ are up for the seventh time in eight days. The Dow industrial average is up for the six time in seven days.

A snapshot of the market currently shows:

  • Dow up 33 points or 0.09% at 35490 point to zero
  • S&P index up 10.1 points or 0.23% 4519.55
  • NASDAQ up 46.98 points or 0.3% at 15175.02

a look around other markets as stock trading gets underway shows:

  • Spot gold is trading down $3.30 or -0.18% 1813.33.
  • Spot silver is up seven cents or 0.26% at $24.06.
  • WTI crude oil futures are down $0.15 for -0.28% at $68.53

In the US debt market, yields have moved from being marginally higher to marginally lower. The benchmark 10 year yield is trading down -0.5 basis points at 1.307%.

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