Modest rises at the opening

The US stocks are opening higher after Fed Powell’s speech where he announced inflation averaging over time.

The snapshot of the major indices currently shows:

  • S&P index up 7.7 points or 0.21% at 3485.67
  • NASDAQ index up 17.9 points or 0.17% at 11686.70
  • Dow is up 132 points or 0.46% at 28464.70

US yields are lower but off there lowest levels:

  • 2 year 0.142%, -0.9 basis points
  • 10 year 0.672%, -1.6 basis points
  • 30 year 1.397%, -1.5 basis points

spot gold is trading up $6 or 0.31% at $1960.50

spot silver is trading up $0.09 or 0.33% $27.60

WTI crude oil futures are trading down $0.17 or -0.4% at $43.22

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