In today's update:
1) Treasury yields rebounded Monday sending U.S. Equity markets higher. Two sectors leading the way higher were Financials and Technology. The Dow Jones Industrial Average gained 249.78 or 0.96%, the S&P 500 added 34.97 or 1.21% while the Nasdaq 100 closed higher by 106.82 or 1.35% and the Russell 2000 finished higher by 15.21 or 1.02%.
2) Crude Oil Futures spiked $1.34 0r 2.44% after the weekend attack on a Saudi oil facility by Yemen forces while Gold Futures dropped $17.40 or 1.14% on more strength in the U.S. dollar. The Bond market dropped sharply and the yield on the 10-Year Treasury Note jumped to 1.608%.
3) Baidu Inc. (BIDU) reported quarterly earnings after market close and beat analyst expectations for both earnings and revenue. During regular market hours, the stock closed higher by $7.52 or 7.78% and in today's after-hours trading session shares of BIDU are currently trading higher by $9.63 or 9.24%.