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Current Futures: Dow +14.00, S&P +6.80, NASDAQ +8.25

The major U.S. market indexes are trading above the break-even line, even though the report gains are still relatively small up to now. 

During the early European session, the S&P futures advanced as much as 6 points, reaching Wednesday’s high. However, the futures market failed to extend the positive momentum see earlier in the day, which caused the S&P futures to top around the 882.00 area. The U.S. open drove the three major U.S. indexes lower, but now, the market seems once again to test the high reached earlier in the day. 

Until now, the market had pulled higher, mostly by two sectors, the raw materials and the financial sectors. The raw material companies added almost 2% on Thursday, as Alcoa, the first company to report its Q2 earnings beat analysts’ estimates. However, TheLFB-Forex.com Trade Team commented that the rally in the commodity stocks may fail rather quickly, if oil continues its downtrend. Together with the raw material companies, the financial sector gained on average 2%, after Goldman Sachs was upgraded to “buy.” Such an upgrade, just ahead of Goldman’s earnings is a full sign of confidence, TheLFB-Forex.com Trade Team said. 

The worst two performing sectors were the healthcare and the consumer staples companies on Thursday. Interestingly enough, the healthcare sector together with the consumer discretionary industry were the only two industries that managed to trade in the green on Wednesday. 
The Dow Jones Index added 5.67 points (0.07%) to 8,184.08, while the S&P 500 index gained 3.97 points (0.45%) to 881.50.

Crude oil for July delivery was recently trading at $60.10 per barrel, higher by $0.10. Today, crude oil advanced for the first time in seven days. 

Gold for July delivery was recently trading higher by $6.10 to $916.40. For now, gold is trading near the lowest value since early May.

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