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US stocks shoot higher. Lower inflation and employment growth is good news.


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Nasdaq leading the way

The US stocks are settling in with decent gains. Lower than expected inflation and good employment is good news.   

  • The S&P is up 15 points or 0.52%
  • The Nasdaq is leading the way at up 75 points or 0.95%
  • The Dow is up 146 points or 0.57%

US yields have moved a little lower:

  • two-year 2.748%, unchanged
  • five-year 2.858%, -0.3 basis points
  • 10 year 2.959%, -0.4 basis points
  • 30 year 3.10%, -0.3 basis points

Some winners today:

  • twitter, 2.35%
  • Microsoft, 1.8%
  • Apple after their product announcement yesterday is higher by 1.63%
  • Nvidia is higher by 1.62%
  • Celgene, +1.61%
  • Citigroup, +1.36%

Home Depot which rally into the hurricane fears is trading down $2.11 or -1% on a little by the rumors, and sell the fact. It is still early and no one really knows the extent of the flooding damage, but the wind speeds have been reduced. The bad is the storm will dump a bunch of rain and that can lead to flooding. 
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