The major indices are trading higher in early NY trading. The Dow and S&P are still higher, but the Nasdaq has traded in positive and negative territory in early trading. The Dow is being helped by financials which are solidly higher in early trading:
a snapshot of the market 12 minutes into the open is showing:
- Dow industrial average up 318 points or 1.01% at 31581.21
- S&P up 33 points 99 points or 0.87% at 3935
- NASDAQ index up 64 points or 0.57% at 11417.70
- Russell 2000 up 10.3 points or 0.58% at 1783.62
J.P. Morgan said that their interest margins would be increase going forward which is helping the sector. J.P. Morgan shares are currently up 3.58%. Below are a list of selected banks and financial institutions also trading solidly higher in early US trading.
This article was originally published by Forexlive.com. Read the original article here.