S&P and NASDAQ trade to a new record highs

The major stock indices are opening up with strong gains and in the process the S&P and NASDAQ have moved to new record highs. Hopes for a vaccine are propelling the stock indices higher. The NASDAQ is leading the charge with a gain above 1%.

The snapshot of the markets four minutes into the opening are showing:

  • S&P index up 25.19 points or 0.74% at 3422.35. The new all-time high comes in at 3426.00
  • NASDAQ index is up 129.53 points or 1.15% at 11441.32. The all time new high price is at 11453.32
  • the Dow industrial average is up 177.52 points or 0.64% at 28107.85.. The Dow still remains about 1.5% away from its end of year closing level.

In other markets,

  • spot gold has given up most of its $19 gain seen near the beginning of the North American session. It currently trades up about $2.21 or 0.11% $1942.50
  • spot silver is also given up earlier gains and trades up about $0.01 at $26.80
  • WTI crude oil futures are up $0.11 or 0.26% of $42.45

In the US debt market the yields remain mixed with modest gains or losses in yields

  • 2 year 0.145%, +0.2 basis points
  • 5 year 0.266%, +0.2 basis points
  • 10 year 0.626%, -0.1 basis point
  • 30 year 1.334%, -0.6 basis points