But off pre-market lows

The US stocks are opening mixed and off pre-market lows after the weaker US jobs reports. The good is the Fed may not tighten as much down the road. The bad is that the jobs data was not up to the expectations. Is it a start of a trend? It is too early to tell

The snapshot shows:

  • S&P index -2.5 points or -0.9% at 2693
  • NASDAQ index -16 points or -0.22% at 7172
  • Dow industrial average +7 points or 0.03% at 24954

In the US debt market, yields area mixed

  • 2 year 2.76%, unchanged
  • five-year 2.749%, -0.3 basis points
  • 10 year 2.90%, +0.5 basis points
  • 30 year 3.179%, +1.6 basis points

In other markets:

  • Spot gold, $5.50 or 0.45% at $1243.29
  • WTI crude oil futures up $2 or 3.94% to $53.51. That is off the high at $54.11
  • Bitcoin is down about -$200 at $3396 on Coinbase

The CAD is now the strongest currency after the better than expected Canada employment report. The GBP is the weakest currency now. The USD is mixed with the largest decline vs the CAD. It is up the most vs the GBP.