Benzinga Mid-Morning Market Update
Following the market opening Tuesday morning, the Dow was up about 0.33 percent, roughly 44.60 points. The NASDAQ also rose, up about 0.41 percent, about 12.67 points. The S&P was on the rise as well, trading up 0.37 percent, an increase of 5.27 points.
The euro/U.S. dollar pair traded up 0.32 percent to $1.2893, while the U.S. dollar/Japanese yen rose 0.19 percent, trading around $77.955. Another pair on the rise was the British pound/U.S. dollar pair which traded up 0.12 percent to $1.6088.
Gold rose to $1,736.16, up about $3.86, while Silver traded up slightly around $33.64, up roughly $0.13. Crude Oil was down slightly, falling 0.04 percent to about $97.13 while Natural Gas traded down 0.43 percent to $2.98.
U.S. three-month treasury bonds fell remained unchanged, while three-year rose 0.007 percent, and ten-year climbed 0.054 percent.
The most notable news of the day so far is the German court ruling in favor of the ECB bond buying program. German Chancellor Angela Merkel said Germany would back the program due to the conditionality clause included, but rejected joint debt liability.
Apple (NASDAQ: AAPL) will be hosting a press conference today at 1:00pm EST, and is expected to reveal its highly anticipated iPhone 5 among a slew of other products ranging from a new iMac to a Pandora-like (NASDAQ: P) radio service.
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Tags: Angela Merkel