The week is off to a good start as major indices all sharply higher

NASDAQ/Dow/S&P all up near 1.5%

The week is off to a good start is major stock indices are all trading sharply higher.

A snapshot of the major indices a few minutes into the opening currently shows:

• S&P index up 48 points or 1.46% at 3346.39
• NASDAQ index up 160 points or 1.48% at 11075
• Dow up 408 points or 1.5% at 27582.30

In other markets:

• spot gold is trading up $11 or 0.60% at $1873.10
• WTI crude oil futures are trading near unchanged at $40.24

US yields are mostly higher but off highs for the day. The 10 year is up 0.3 basis points 0.657%. The high yield reached 0.672%.