Thursday's Market Recap - Euphoric Investors Take Dow Nasdaq, & S&P To Record Highs.

What is The Premarket Telling Us?

7:00 AM.

Investors seem intent on pushing stocks further into record territory, as global growth, and the recently passes US tax cuts are now a reality. US stock futures are elevated in the premarket, before trading begins at 9:30. Dow futures up 73 points, Nasdaq futures up 12.25 points, S&P futures up 3.50 points. Asian stocks close higher, and Europe is up early in their session.

On The Bond Desk:

US 10 year bond yield at 2.45%, down 0.01%, or one basis point.

Currency Desk:

Euro dollar at 1.20

UK Pound at 1.35

Crude Oil:

WTI crude oil futures looking up at $61.82/barrel, up 0.31%.

On the Earnings Calendar:

None

In M&A News:

None

What About The Asian And European Markets?

Major Asian markets were all higher overnight; Japan (Nikkei 225) up 3.26%, Shanghai up 0.49%, Hong Kong (Hang Seng) 0.57%.

European markets were also higher; German (DAX) up 1.46%, France CAC 40 up 1.55%, London FTSE 100 up 0.32%.

Market And Sector Dynamics

Stocks opened with moderate gains this mornings, as market analyst continue to upgrade the earnings and other fundamentals of the US markets, in light of the recently passed tax cut bill. The Dow gained 65.08 point, Nasdaq added 22.88 points, and S&P added 6.72 points.

The Dow hit the 25,000 level shortly after the open, for the first time in history, as did the Nasdaq, hitting 7000 for the first time.

Market momentum remained strong from the opening bell, to the close of trading. Investor appear very positive, even euphoric, about the US stock market, and the potential benefits of tax reform, as well as, the current strength of global economic growth.

Market breath was strong, with nine of the eleven S&P sectors closed today with closing with moderate gains, led by energy, industrials, consumer goods, financials, technology, and communications services.

Factors Influencing Today's Market

• Crude oil inched modestly higher in the session. WTI crude close at $62.01/barrel, up 0.62%.

• This week's EIA Petroleum Status Report shows crude oil inventories fell 7.1 million barrels to 425.5 million.

• December's ADP Private Payroll added 250,000 private sector jobs.

• This's week's Initial Jobless Claims rose 3,000 to 250,000 claims.

• Asian and European markets were higher in their session.

Market Close Volume Traded And Advance Decline Ratio

Stocks closed the day higher, with the Dow closing above 25,000, Nasdaq closing above 7000, and S&P closing above 2700. All for the first time. The Dow gained 152.45 points, Nasdaq up 12.38 points, and the S&P up 10.93 points. Total NYSE volume traded, moderate 3.64 billion shares. Advancing shares outpaced Declining shares nearly 2:1.

Data Sources: Bloomberg, CNBC, CNN Money, Google Finance, Market Watch, TD Ameritrade, Yahoo Finance.