Major US stock indices open little changed

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The major US indices open little changed. The ADP report was weaker than expectations. The GDP is old news now, but it came in 2.9% vs 2.7% estimate. The Advanced goods trade balance comes in at -99B which was a bigger trade gap than expected but that release can be volatile.

A snapshot of the market shows:

• Dow industrial average is up 42 points or 0.13% at 33892
• S&P index up 5.9 points or 0.15% at 3963.16
• NASDAQ index up 20 point or 0.18% at 11002.20
• Russell 2000 is up 3.73 point or 0.20% at 1840.15

In the US debt market, the yields are moving higher from earlier New York levels:

• two year 4.528%, +5.6 basis points
• five year 3.968% +4.7 basis points
• 10 year 3.777% +3.0 basis points
• 30 year 3.833% +3.0 basis points