08 May '23 at 7:45 am #58159
The S&P 500 futures are up 7 points and are trading 0.2% above fair value.
The Nasdaq 100 futures are down 6 points and are trading slightly fair value.
The Dow Jones Industrial Average futures are up 78 points and are trading 0.2% above fair value.
Market waiting to see if there will be any follow through on Friday’s rally. This week also brings another batch of potentially market-moving events. Senior Loan Officer Opinion Survey will be released today, the Consumer Price Index (CPI) on Wednesday, and the Producer Price Index (PPI) on Thursday.
The 2-yr note yield is up five basis points to 3.96% and the 10-yr note yield is up three basis points to 3.46%.
Oil prices are sharply higher, up 2.8% to $73.32/bbl.