Major US equity indices open higher after retail sales performed roughly as expected, with the control group (powering GDP) posting stronger growth. Hopes of a re-opening of China are also good news at least for growth, but for inflation this may not be the case. Markets were able to digest the typical bearish Bullard comments from the Fed. Fed Chairman Powell will speak on inflation later today (2pm).

For now, stocks have solid gains across the board.

The market snapshot currently shows:

  • Dow Industrial Average up 315 points or 0.96% to 32,532.50
  • S&P index up 53.8 points or 1.34% to 4062.55
  • NASDAQ index up 243 points or 2.08% to 11905.43
  • Russell 2000 +36.08 points or 2.02% to 1819.51

Home Depot is reporting better earnings today, helping the Dow Jones Industrial Average. The stock is up $10.21 or 3.45%

An overview of other markets shows:

  • Spot Gold is trading up $2.50 or 0.14% $1,826.85
  • place money up $0.08 or 0.41% to $21.67
  • WTI crude oil futures are trading up $0.72 at $114.95
  • Bitcoin price rises and trades at $30,634

In the US debt market, yields are trading higher:

  • 2 years 2.665%, +9.7 basis points
  • 5 years 2.927% +10.7 basis points
  • 10 years 2.964% +8.3 basis points
  • 30 years 3.153% +7.0 basis points