US stocks higher as buyers cheer the stronger jobs report

The major US stock indices are higher in early trading as buyers share the stronger US jobs report and hope that inflation remains contained. A snapshot of the market 11 minutes into the open is showing:

• Dow industrial average up 253.78 points or 0.66% at 42265.37.
• S&P index of 41.77 points or 0.73% at 5741.71
• NASDAQ index up 204.09 points or 1.14% at 18122.57

the small-cap Russell 2000 is up 32.25 points or 1.48% at 2212.40.

Looking at the US debt market

• 2-year yield 3.855%, +14.1 basis points
• 5 year yield 3.756%, +12.4 basis points
• 10 year yield 3.947%, +9.2 basis points
• 30 year yield 4.251%, +7.2 basis points

looking at other markets:

• Crude oil is coming back down but still up around $0.30 and $73.96,after trading as high $75.03
• Gold is down $-5.08 or 0.20% at $2650.50
• Bitcoin is trading steady at $61,755 from earlier levels

The USD is higher but consolidating the gains.

This article was written by Greg Michalowski at www.forexlive.com.