Ultra 10-Year T-Note Futures Market News and Commentary
What you need to know…
The S&P 500 Index ($SPX) (SPY) on Tuesday closed up +0.31%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +0.10%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +0.42%.
Stock indexes on Wednesday posted moderate gains, with the S&P 500 and Dow Jones Industrials climbing to 2-week highs. An easing of pandemic concerns lifted the overall market Wednesday after Pfizer and BioNTech said that initial lab studies show the omicron Covid variant is neutralized by the third dose of their Covid vaccine.
Wednesday’s U.S. economic data was bullish for stocks. 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 of 10.469 million.
Today’s stock movers…
Travel and cruise stocks rallied Wednesday after Pfizer and BioNTech said initial lab studies showed that the third dose of their Covid vaccine neutralizes the omicron variant. Norwegian Cruise Line Hold... Read more