The major US stock indices are higher in early trading as buyers share the stronger US jobs report and hope that inflation remains contained. A snapshot of the market 11 minutes into the open is showing:
Dow industrial average up 253.78 points or 0.66% at 42265.37.S&P index of 41.77 points or 0.73% at 5741.71NASDAQ index up 204.09 points or 1.14% at 18122.57
the small-cap Russell 2000 is up 32.25 points or 1.48% at 2212.40.
Looking at the US debt market
2-year yield 3.855%, +14.1 basis points5 year yield 3.756%, +12.4 basis points10 year yield 3.947%, +9.2 basis points30 year yield 4.251%, +7.2 basis points
looking at other markets:
Crude oil is coming back down but still up around $0.30 and $73.96,after trading as high $75.03 Gold is down $-5.08 or 0.20% at $2650.50Bitcoin is trading steady at $61,755 from earlier levels
The USD is higher but consolidating the gains.
This article was written by Greg Michalowski at www.forexlive.com.
