Tech recovers

The US stocks are open and they are getting a boost. China and US will reportedly open up talks on trade and that seems to be helping the early tone.

  • The S&P is up 11.5 points or 0.41%
  • The NASDAQ is up 50 points or 0.66% at 7680
  • The Dow is a 96 points or 0.38% at 25404.

Apple will announce after the close. There stock is up $0.91 or 0.48% on the day.

Other gainers today include:

  • Tesla up 2.17%
  • Micron up 2.15%
  • Alibaba up 1.62%
  • Caterpillar up 1.52%
  • Twitter up 1.46%
  • Boeing up 1.42%
  • Adobe up 1.20%
  • Microsoft up 1.19%
  • Netflix up 0.97%
  • Intel up 0.86%

Losers include:

  • AMD, -1.90%
  • Wells Fargo -0.62%
  • JP Morgan -0.62%
  • Goldman -0.48%
  • Bank of America -0.42%
  • Citigroup -0.30%
  • Morgan Stanley -0.30%

The pattern in the losers is financials are lower. Hurting the financials are the fall in yields today:

  • two-year, 2.667%, up 0.6 bps
  • 10 year 2.956%, -1.6 basis points
  • 30 year 3.074%, -3.0 basis