Reply To: Traders Market Weekly: US Elections, Rates and Inflation

#47061
Truman
Participant

Market opens to strength after jobs report

Dow +346.58 at 32350.86, Nasdaq +106.71 at 10389.50, S&P +43.80 at 3763.76

The stock market opened on an upbeat note as market participants digest the October employment report.

Broad buying thus far has all 11 S&P 500 sectors trading up. Health care (+0.1%) shows a modest gain, sitting in last place, while materials (+2.5%) sits atop the leaderboard.

Semiconductor stocks are racing ahead of the broader market. The PHLX Semiconductor Index is up 3.7% versus a 1.1% gain in the S&P 500.

Growth stocks continue to underperform today as the Russell 3000 Growth Index (+0.3%) trails the Russell 3000 Value Index (+0.7%).

The dollar is noticeably weaker today. The U.S. Dollar is down 1.1% to 111.66.