Momentum continues after the 7%+ rise yesterday

The major indices climbed over 7% yesterday and continuing that trend today. The indices are currently up near 3% in early trading.

A snapshot of the markets a few minutes into the opening are showing:

  • S&P index +89.28 points or 3.35% at 2752.96
  • NASDAQ index +222.76 points or 2.82% at 8136.00
  • Dow industrial average +879.11 points or 3.8% at 23559.10

In other markets:

  • spot gold is trading down $10.84 or -0.65% at $1650
  • WTI crude oil futures are trading up $0.25 or 1.0% the $26.33

in the US debt market yields remain supported and higher:

  • 2 year 0.297%, +3.5 basis points
  • 5 year 0.501%, +6.2 basis points
  • 10 year 0.758%, +8.8 basis points
  • 30 year 1.36%, +8.1 basis points