Reply #20: 10:04 snapshot

[ozymandius]

Dow 13,685.01 Up 57.37 (0.42%)
Nasdaq 2,625.70 Up 21.18 (0.81%)
S&P 500 1,540.08 Up 9.46 (0.62%)
10-Yr Bond 4.921% Up 0.031
NYSE Volume 404,400,000
Nasdaq Volume 305,809,000

09:55 am : Initial buying interest has cooled, but the major indices continue to hold the bulk of early gains.

Traders will be keeping a close eye on market rates, as the 10-year yield is within shouting distance of 5.00%. For the time being, the market's bullish bias remains intact due in large part to the comforting combination of stronger than expected job growth and lower than expected inflation seen in today's economic reports.

Within the Dow, 26 of its 30 components are showing a gain at this time. From a market cap standpoint, though, it is the small-caps that are the frontrunners. The Russell 200 is up 0.9% versus a gain of 0.5% for the S&P 500.DJ30 +43.56 NASDAQ +16.76 SP500 +7.09

09:40 am : As expected, the major indices started the session on a positive note. Early buying interest is broad-based with all ten economic sectors sporting a gain. Energy (+0.90%) and technology (+0.60%) are the pacesetters at the moment with health care (+0.15%), a defensive-oriented area, bringing up the rear.

Dell (28.01, +1.10) is a standout in the tech sector as investors have responded favorably to its better than expected first quarter results.

The question lingering is, will the jump in rates (10-yr yield now at 4.92%) derail the early rally?DJ30 +54.77 NASDAQ +16.59 SP500 +7.40