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BREAKING: US30 rose 2% in risk-on rally

7:53 PM 1 March 2021

US indices rose sharply today as upbeat economic data and mounting hopes about a massive $ 1.9 trillion stimulus package provided further support for the bulls. Meanwhile the 10-year U.S. Treasury note yield dipped slightly to 1.42% on Monday, off by 2 basis points from Friday and down from its recent high of 1.6% on Thursday. Also approval of Johnson & Johnson's (JNJ.US) COVID-19 vaccine lifted market sentiment.

US30 bounced off the 50 SMA (green line) and is heading towards its all-time high at 32,035 pts. Source: xStation5
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