- US500 and US100 are slightly gaining at the start of the session
- US2000 is trading lower
- 10-year bond yields are rising above 4.00%
- The dollar index is trading flat
The beginning of the session on the US stock market is not marked by volatility. Indices open without a clear direction, with slight gains observed in US500 and US100, while US2000 is down. Uncertainty in the stock market is also affected by the continued rebound in the dollar and the rise in 10-year bond yields, which are again higher than 2-year bond yields. Despite the sluggish opening, the bulls are attempting to take control and push the prices slightly upwards.
US500
The index is gaining +0.45% at the time of publication, increasing from the opening rise of +0.25%. The price of the index remains above the key support zone around 5730 points, which is currently the most important support line for the bulls. The nearest resistance to break remains at 5800 points, near the historical all-time high on US500.
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Source: xStation 5
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