Major indices move higher after strong jobs report

Technical Analysis

Author: Greg Michalowski | nasdaq

Him in the The Dow leads the way today

The US stock markets are open and it is a another positive day (at least at the opening). The major indices are all trading up over 1.3%. The Dow industrial average which fell yesterday by -0.3% is a leading the way to the upside with a gain of near 1.7%. The S&P index and NASDAQ index are also trading quite well.   Recall the NASDAQ index closed at a record high level yesterday.

The snapshot of the market currently shows:
  • S&P index up 47 points or 1.5% at 13162.44
  • NASDAQ index up 141 points or 1.39% at 10297.5
  • Dow industrial average up 438 points or 1.7% at 26172.5
In the US debt market, the yields are higher but off there highest levels:
  • 2 year 0.162%, +0.2 basis points
  • 5 year 0.318%, +0.6 basis points
  • 10 year 0.695%, +1.9 basis points
  • 30 year 1.451%, +2.1 basis points
Spot gold is trading down $1.50 or -0.08% at $1760.40.
WTI crude oil futures are trading up $0.64 or 1.6% at $40.45.
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