U.S. Markets open in 7 hrs 53 mins

Stocks Are Ripping Higher

Matthew Boesler
jordan scott at the us pole vault olympic trials


U.S. stocks have been rising all day long, but since around 1:45 PM, they've really started ripping higher.

Right now, the S&P 500 is trading at 1629, up 1.2% from yesterday's close. The Dow Jones Industrial Average is trading around 15,120, up 125 points (0.8%).

The dollar-yen exchange rate, after getting crushed this morning, has been rising this afternoon and is now trading around ¥94.80 – down *only* 1.2%.

Nikkei futures are also trading at their highest levels of the day, right around 13,050.

The yield on the 10-year U.S. Treasury is 5 basis points lower today at 2.18%. Earlier, a primary auction of 30-year Treasuries tailed, indicating weak demand. Bonds initially sold off on the news, but have since rebounded and are now trading near levels prior to the auction.

More From Business Insider