Markets Are Trading Higher In Early Action

The U.S. equity markets are trading higher in early action, with traders digesting a stronger-than-expected domestic January nonfarm payroll report, which showed strong upward revisions to the prior months’ job growth figures and a solid rebound in wages. Treasuries are trading lower on the heels of the jobs report, along with gold prices, while the U.S. dollar and crude oil prices are gaining ground. Meanwhile, a read on consumer credit is due out in the final hour of trading. In earnings news, Twitter bested the Street’s quarterly forecasts, while Expedia missed earnings projections. In other equity news, Dow member Verizon […]