S&P 500 trading 8 points higher to 1360, eating into the post-NFP losses.

Alcoa started Q2 earnings yesterday and executives reiterated a forecast for aluminum demand to rise 7% this year — a positive sign for global growth.

Bill Gross is talking down the market on Twitter, saying “upward trending financial asset prices depend on credit creation. US credit flat lining. Global credit 3-4% higher. No bull market here.”