Major indices open higher
The US stock markets are open and the major indices are up.
- The S&P is up 6.6 points or 0.25%
- The Nasdaq is up 16 points or 0.21%
- The Dow is up 105 points or 0.43%
Although higher, the levels are lower than pre-market implied openings from the futures. At the start of the NY session today, the S&P was up about 8 points, the Nasdaq was up 19 points and the Dow was up 143 points.
So you can argue, the momentum may be fading.
Financials are doing well with higher yields today.
- Bank of America is up 0.96%
- JP Morgan is up 0.94%
- Goldman is up 0.74%
- Citigroup is up 0.73%
Tesla is higher after their investor meeting yesterday where Musk said they are likely to hit the 5,000 per week target in Model 3. The stock is up 3.74%
Amazon and Neflix continue to flex their muscle (up 0.92% and 0.86% respectively).
Facebook is down today after they reported that they sold data to some Chinese firms including Huawei, which U.S. officials consider possible tool for spying. Their stock is down -0.74%.
