At some point it has to end.
The Dow Industrial Average opens lower. This index has been rising for 11 consecutive days. The index is lower, although 3M, Verizon and the Dow traded higher after the earnings announcement. Rising stocks are leading the way today in the Dow.
Boeing, Disney and Honeywell lead the Dow lower in early trading.
After closing, Microsoft, Alphabet and Visa will be released to earnings. Tomorrow, AT&T, Boeing, Coca-Cola, Hilton, General Dynamics will all post pre-open earnings. After closing, Meta, Chipotle, ServiceNow, eBay, Mattel (on the back of Barbie’s success) will exit.
The market snapshot currently shows:
- Dow Industrial Average -21.50 points or -0.06% to 35389.75
- The S&P rose 1.39 points, or 0.03%, to 4,556.04
- The NASDAQ was up 52.06 points, or 0.37%, at 14,110.93
US yields are higher, a day ahead of the FOMC’s rate decision. The Fed is expected to raise rates by 25 basis points at 14:00 CET tomorrow.
- Two-year yield 4.886%, +4.8 basis points
- 5-year yield 4.183%, +6.0 basis points
- 10-year yield 3.904%, +4.7 basis points
- 30-year yield 3.946% + 2.6 basis points
Oil is slightly lower by $0.15.
Gold was up $5.79, or 0.30%, at $1,960.43.
EURUSD is trading at new session lows at the stock open. The lowest price reached 1.1025.