S&P up near 50 points Dow up over 400 points
a few minutes into the opening and US stocks are enjoying a solid gains to the upside. Looking at the major indices:
- the S&P index is up 51 points or 1.85% at 2813
- the NASDAQ index is up 167 points or 2.04% at 8358
- the Dow industrial average is up 418 points or 1.80% at 23820
In other markets:
- With the dollar lower, the price of gold is trading higher. The current price is up around $16 or 0.94% at $1731
- WTI crude oil futures are not faring as well. Despite hopes for a coronavirus increase, the price of oil is still pondering whether or not the supply cuts from OPEC+ (and friends) is enough to stop up the excess supply. Also the demand-side is still in question. The price of WTI crude oil is currently down $0.85 or -3.75% at $21.57
In the US debt market yields are trading lower:
- 2 year 0.231%, -1.4 basis points
- 5 year 0.415%, -3.3 basis points
- 10 year 0.737%, -3.3 basis points
- 30 year 1.40%, -0.6 basis points
