FX & CFD trading involves significant risk
Stocks are up with solid gains in the early going. The buying effort has been broad, so far, but energy stocks (+1.0%), industrial stocks (+0.9%), and tech stocks (+0.8%) are leading the effort. In contrast, defensive-oriented plays like utilities (+0.1%) and consumer staples (+0.2%) are lagging.
Although market participants are showing an increased tolerance for risk, gold continues to glisten in the eyes of traders. The yellow metal currently boasts a 1.0% gain as it trades at $1579 per ounce, just a couple of dollars below the record high that it hit this morning.
In the backdrop, the dollar has fallen to a 0.6% loss against a basket of major foreign currencies.
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