US stocks stay there
At the start of the North American session, the future involved the following:
- Dow is up 130 points
- S&P up 14.81 points
- NASDAQ index up 67 points
With the markets now open, the main indices are trading above these levels despite the ADP report’s 20 million + job cuts + and a refinancing schedule that could crowd out funds for other investments (but let’s be honest, there is a lot of cash there).
The market snapshot currently shows:
- S&P index up 22.39 points or 0.78% to 2890.83
- NASDAQ index up 93.18 points or 1.06% to 8,902.30
- Dow Jones Index on average up 152.06 points or 0.64% to 24,035.15
In other markets, US Treasury yields have not escaped the news of repayment. Yields are higher with the steepening of the yield curve. The 2-10 year spread is up to 53.66 basis points from 47.37 basis points yesterday.
- Spot gold trades from $ 12.10 or -0.71% to $ 1,693.60
- WTI crude oil futures are trading down $ 0.65 or -2.65% to $ 23.90. This is the lowest of $ 22.58. The high price was up to $ 26.08.
In forex, the JPY remains the strongest of the majors while the GBP remains the weakest.