( as of 7:00 AM PST)
Friday's bad jobs report is a distant memory and investors are once again bidding up stock prices to open the trading week. It seems that the positive momentum is a result of the fact that an interest rate increase is off the table for this month. Oil is up on supply worries due to supply line disruptions in Nigeria. Europe and Asia were mixed with little conviction on the buy or sell side. Precious metals are up slightly in early trading. Markets are showing amazing resilience in light of negative data and a bearish bias by many analysts and investors.
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