Opening Stock Market Summary

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% ( 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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