As US yields moved to the downside with the two-year down -5.4 basis points in the 10 year down -5.0 basis points (they were up earlier today), the US stocks have moved sharply to the upside.
The gains are being led by the NASDAQ index which is up near 2.5%. The current price is up 274 points or 2.5% at 11258.62. The S&P index is up 56 points or 1.42% 4013.99. The Dow industrial average is up for 268 points or 0.79% at 34119.
For the S&P index, it is back reproaching its falling 200 day moving average which currently comes in at 4050.07. The price is currently trading at 4034.. The high price reached 4037.22. A move above would be the first break since April 2022.
S&P index moves closer to its 200 day moving average