US stocks open with strong gains

Technical Analysis

Chevron bid for Anadarko and JPM earnings give the market a boost

The US stocks are opeing with strong gains. The indices are helped by Chevrons bid for Anadarko (confidence in the economy) and better than expected earnings from JPM Chase this morning.

The snapshot shows:

  • Dow, up 229 points or 0.88% at 26372.19
  • S&P up 16.72 points or 0.58% at 2905.04
  • Nasdaq up 40.86 points or 0.51% at 7988.22

Anadarko Petroleum is traidng up 33.74% at $62.59 (up $15.79)

JP Morgan Chase is up $3.56 or 3.35% at $109.79

A loser today is Netflix as Disney looks to compete with them on the home streaming front at a more favorable price point.

Netflix shares are down -$10.15 or -2.76% at $357.50. 

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