US Stock markets had a strong start to the week as investors shrugged off major political concerns and focused on another potentially strong earnings season. The tech heavy Nasdaq led the way higher, adding nearly 1.6% on the day as traders looked for strong reports from both Tesla and Alphabet later today.
Other markets were more subdued as they digested the change of guard in the democratic party, US treasury yields and the dollar both edged higher whilst Oil and Gold drifted off.
Traders are preparing for more moves in the day ahead, although once again the expectation is that the major focus will be on the US Day and those key earnings reports as the event calendar is relatively thin on the ground in the days first two sessions.
| Market | Change | Close |
| Dow | +0.32% | 40,415 |
| S&P | +1.08% | 5,564 |
| Nasdaq | +1.58% | 18,007 |
| USD | +0.1% | 104.30 |
| US Treasury – 2 Year | +1.6 bps | 4.523% |
| US Treasury – 10 Year | +2.1 bps | 4.260% |
| Oil – Brent | -0.3% | $82.40 |
| Oil – WTI | -0.41% | $79.78 |
| Gold | -0.2% | $2,394 |
Today’s Events:
US Session
- US – 12.00 am – Existing Home Sales Data
- US – 12.00 am – Richmond Manufacturing Index Data
