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Stocks eye solid open after Goldilocks jobs report

  • Stock futures suggest solid gains at the open as the in-line nonfarm payrolls report looks like a Goldilocks result - it doesn't change Fed tapering but still signals the economy is expanding gradually; Dow +0.3%, S&P +0.4%, Nasdaq +0.5%.
  • European markets add to gains after the jobs report, with all the major indexes up at least 0.5%; Asian markets closed mixed.
  • Treasury prices edge higher, with the benchmark 10-year yield falling 4 bps at ~2.76%; the dollar index reverses to session lows.
  • Precious metals trade at session highs, with gold up $16 at $1,301 and silver rising $0.35 at $20.15; crude oil is firm, up $0.63 at $100.92.
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