The stock market opened with modest gains after the August Jobs Report.
Buying interest is fairly broad based. The Vanguard Mega cap Growth ETF (MGK), the Invesco S&P 500 Equal Weight ETF (RSP), and the S&P 500 all show a decent gain. Likewise, growth and value stocks are both relatively strong with the Russell 3000 Growth Index up 0.3% versus a 0.5% gain in the Russell 3000 Value Index.
Most S&P 500 sectors trade in positive territory. Energy (+1.3%) holds the top spot with oil prices on the rise. WTI crude oil futures are up 2.1% to $88.46/bbl. Meanwhile, natural gas futures are trending lower, down 3.9% to $8.90/mmbtu.
Notably, the CBOE Volatility Index is sharply lower, down 5.5% (or 1.45) to 24.11.
Just in, July Factory Orders fell 1.0% (Briefing.com consensus 0.2%) after the prior downwardly revised increase of 1.8% (from 2.0%).
Disclaimer: This content is only intended for informational purposes. Before making any investment, you should always do your own research and analysis.
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