Tuesday's Market Recap - Dow Jumps Triple Digits In Today's Session.
What is The Premarket Telling Us?
7:00 AM.
US stock futures are all positive at this hour. Dow futures up 88 points, Nasdaq futures up 21 points, and S&P futures up 6.50 points. Major Asian markets closed higher overnight.
On The Bond Desk:
The US 10 Year Bond Yield at 2.94%.
Currency Desk:
Euro dollar: 1.15
UK Pound: 1.29
Crude Oil:
WTI crude oil futures at $69.60/barrel, up 0.85%.
On the Earnings Calendar:
Disney reports after the closing bell this evening.
In M&A News:
None.
What About The Asian And European Markets?
Major Asian markets were all higher overnight. Japan (Nikkei 225) added .69%, Shanghai gained 2.74%, Hong Kong (Hang Seng) rose 1.54%.
Major European markets also closed with moderate gains. German (DAX) up 0.40%, France CAC 40 up 0.81%, London FTSE 100 rose 0.71%
Market And Sector Dynamics
Stocks opened the trading session in solidly in positive territory. The Dow surged 100 points, Nasdaq rose 22 points, and the S&P added 7 points. WTI crude oil was modestly higher, early in the session, as the US snap back sanctions went into effect overnight.
Markets remained elevated for the entire trading session.
Factors Influencing Today's Market
Crude oil traded modestly higher in the session. WTI crude oil closed at $69.19/barrel, up 0.26%.
The June JOLTS report show job opening came in pretty much unchanged at 6,662 million vs 6,659 estimated.
Both Asian and European markets closed with gains in today's session.
Elon Musk tweets he might be taking Tesla private at $420/share. Shares were halted for more than one hour (news pending), and surged higher after reopening.
Market Close Volume Traded And Advance Decline Ratio
When trading ended, the Dow gained 126.73 points, Nasdaq gained 23.98 points, and the S&P added 8.05 points. Total NYSE volume traded, 3.10 billion shares. Advancing shares outpaced Declining shares 1.13:1.
Data Sources: Bloomberg, CNBC, CNN Money, Google Finance, Market Watch, TD Ameritrade, Yahoo Finance.
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