Market Update

US futures are trading higher for the second day after Friday’s stronger than expected jobs report demonstrates the robust economic recovery.

International Markets

European and Asian markets are trading higher on a positive global sentiment and strong US economic data.

Commodities

Gold and silver are trading lower as strong jobs data leads to stock gains. Oil prices are down over 2.5% as OPEC+ agrees to ease production cuts.

Crypto

Bitcoin is trading 0.25% and is currently trading around $58,000.

Interesting News

GMC unveiled its new electric Hummer SUV with a starting price of $110,000. Amazon hired over 400,000 workers in the US alone last year.

Biggest After Market Movers

Tesla delivered around 185,000 vehicles in Q1 beating estimates by over 10,000. Tesla is trading 7.6% higher this morning. Roblox is trading 3.5% higher after Goldman Sachs and Morgan Stanley upgraded it to a buy and overweight respectively. Pinterest is trading 1.6% higher after it was announced that they are in talks to acquire VSCO.
Chart of the Day

QQQ Ascending Triangle (Charts by TradingView)

Charts by TradingView