Gold Futures Market News and Commentary
What you need to know…
The S&P 500 Index ($SPX) (SPY) this morning is up +0.24%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.16%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.22%.
Stock indexes this morning are mixed, with the S&P 500 and Dow Jones Industrials posting 2-week highs. An easing of pandemic concerns is lifting the overall market today after Pfizer and BioNTech said that initial lab studies show the omicron Covid variant is neutralized by the third dose of their Covid vaccine. Weakness in technology stocks is keeping the Nasdaq in the red and limiting the upside in the overall market.
Today’s U.S. economic data was bullish for stocks after the U.S. Oct JOLTS job openings rose +431,000 to a 3-month high of 11.033 million, showing a stronger labor market than expectations for a smaller rise to 10.469 million.
Today’s stock movers…
Travel and cruise stocks are climbing today after Pfizer and BioNTech said initial lab studies s... Read more