Stocks are quickly heading higher following a lackluster jobs report and slightly better-than-expected construction spending and east-coast manufacturing data this morning.
The U.S. economy only added 148,000 nonfarm payrolls in September, below the consensus Wall Street forecast for 180,000.
The S&P 500 is trading at a new all-time high 1759, up 0.8% from yesterday’s close.
Gold is 1.6% higher, trading near $US1337 an ounce, while 10-year U.S. Treasury futures are 0.5% higher (the yield on the 10-year note is 8 basis points lower at 2.52%).
The chart below shows the move in S&P 500 futures today.