The week, the month, the 2nd quarter, the 1st half of the year all end today and stocks bounce at the open as traders breathe a sigh of relief that the PC core was no worse than expected. It was still raised to 4.6% – well above the Fed’s 2% target strength, but expected to fall (?). At least that’s the hope.

The market snapshot currently shows:

  • The Dow industrials rose 214.26 points, or 0.63%, to 34,336.69
  • The S&P rose 36.18 points, or 0.82%, to 4,432.63
  • The NASDAQ index rose 142.77 points, or 1.05%, to 13734.11

The NASDAQ is up 30% year to date, up 12.35% for the 2nd quarter, and up 6.19% for the month. The S&P is up 15.42% for the year, 7.83% for the quarter and 6% for the month.

Apple has reached a valuation of 3 trillion dollars. Its shares were up $2.27 or 1.19% at $191.84.

Nvidia gained $8.76 or 2.15%. But it is an increase of 1.3%. Microsoft improved by 1.45%. AMD gained 1.73%.

Looking at other markets, how US equities are opening up:

  • Crude oil was up $0.54, or 0.77%, at $70.39
  • Gold gained $4, or 0.21%, to $1,911.25
  • Silver is down $0.10, or 0.49%, at $22.45
  • Bitcoin is above the 31,000 level at $31,038

Looking at the yield curve, yields are little changed after being higher earlier:

  • Two-year yield 4.878% flat
  • 5-year yield 4.145% + 0.2 basis points
  • 10-year yield 3.848% -0.4 basis points
  • 30-year yield 3.897% -1.5 basis points

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