The S&P 500 up 2% in the first 45 minutes, trading higher right out of the gate. The gains are accompanied by strong breadth readings. On the NYSE, volume in advancing stocks represents 92% of total NYSE volume. The number of advancing stocks was outpacing declining stocks by a ratio of 7.1 to 1. As Chairman Powell begins his remarks we will see if the market is able to hold on to the gains.
All data points are sourced from Bloomberg as of 01/04/19 unless noted otherwise.
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