Tuesday's Market Recap - Dow Up Triple Digits, After Taking A Breather Yesterday.

What is The Premarket Telling Us?

7:00 AM.

US stock futures are modestly elevated ahead of the start of trading. Dow futures up 33 points, Nasdaq futures up4. 50 points, and S&P up a fraction 0.50.

On The Bond Desk:

US 10 year bond sits near the upper end of its recent range, at 2.48%, up .03% or three basis points.

Currency Desk:

Euro dollar at 1.19

UK Pound at 1.35

Crude Oil:

WTI crude oil futures at $61.93/barrel, up 0.32%.

On the Earnings Calendar:

Target reported better than expected holiday sales, and has their increased guidance going forward.

In M&A News:

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What About The Asian And European Markets?

Asian markets were higher overnight; Japan (Nikkei 225) up 0.57%, Shanghai up 0.13%, Hong Kong (Hang Seng) up 0.36%.

European markets closed the day higher. Germany (DAX) up 0.13%, France CAC 40 up 0.67%, London FTSE 100 up 0.45%.

Market And Sector Dynamics

Stocks opened moderately positive, with the Dow up 40 points, Nasdaq up 18 points, and S&P up 3.50 points. Investors are enjoying a report by Target that holiday sales at the retailer were above expectations, and the company has up its sales forecast.

Crude oil prices are also pushing higher, early with WTI currently at $62.16/barrel, up 0.71%.

The US 10 year bond yield has hit the 2.50% intraday, and investors are hoping this move higher will continue. A move higher will continue to boost bank stocks, and other fixed income instruments.

Stocks climbed steadily higher for the entire trading, as investors rotated, from outperforming stocks, into those that have recently lagged.

Market tone was positive, with seven of the eleven S&P sectors closed with losses. Utilities, telecommunications services, basic materials, and technology led to the downside. Healthcare, industrials, and financials closed higher.

Factors Influencing Today's Market

• Crude oil prices rose significantly today, with WTI crude price closing at $63.36/barrel, up 2.64%.

• Boeing reports sales of 763 commercial jetliners this year. And have orders for 912 in the works.

• November JOLTS shows job opening remains elevated at 5.879 million jobs although it was 0.8% lower than the 5.925 million print in October.

• Boeing reported, they delivered 763 commercial jetliners, in 2017, and has orders for 912 in the pipeline.

• The US 10 year bond yield definitely seems to be pushing higher.

Market Close Volume Traded And Advance Decline Ratio

At the end of trading, the Dow surged 102.80 points, Nasdaq rose 6.19 points, and the S&P gained 3.58 points. Total NYSE volume traded, 3.30 billion shares. Declining shares outpaced Advancing shares nearly 2:1.

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