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The major US stock indices are moving higher in early trading led by the NASDAQ index. Better economic data is fueling the gains with retail sales, Philadelphia Fed manufacturing, and initial jobless claims all better than expected. TSMC earnings were higher than expectations overnight. Their shares are currently up over 8%. Nvidia shares are also higher by 2%.
Although higher, the market is coming off at the open. A snapshot of the market six minutes into the open is currently shown
The small-cap Russell 2000 is trading down -2.31 points or -0.10% at 2284.36
In the US debt market, yields are higher after the better than expected US data.
The expectations for a 25 basis point cut are still 90%.
In other markets:
This article was written by Greg Michalowski at www.forexlive.com.
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