US stocks rebound higher on less tension

Author: Greg Michalowski | Category: News

Tension never goes away but NATO did agree to increase defense spending

The US stocks are rebounding higher on less tension today.  Tension really never goes away with trade and Brexit and NATO, but the NATO partners did agree to increase defense spending and their contributions to NATO (at least in principle).  That takes some of the tension from yesterday off and stocks are opening higher:

The snapshot shows:
  • S&P index of 11.9 points or 0.43% at 2786
  • NASDAQ up 41 points or 0.53% at 7757
  • Dow up hundred and 61 points or 0.66% at 24863
Some winners:
  • Microsoft up 1.25%
  • Apple up 1.11%
  • Intel up 1.70%
  • Costco up 1.0%
  • Celgene up 1%
  • Cisco up 0.80%
  • Facebook 0.84%
In the US debt market, yields are mostly higher with flatter yield curve:
  • 2 year 2.59%, up 1.2 basis points
  • 10 year 2.852%, up 0.3 basis points
  • 30 year 2.951%, unchanged
In other markets:
  • spot gold is up $3.70 or 0.3% at 1245.57
  • WTI crude oil futures are down now (they were up earlier). The price is at $70.10 down $-.26 or -0.3%

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