Remy Blaire: And while it is lunchtime here in New York, it is 11 a.m. in Chicago at Cboe.
Let's head on over to FINTECH.TV correspondent Mark Payton, who's live from the Cboe trading floor.
Hey, Mark. Good afternoon. Good morning to you.
So get us caught up on the trading action over at Cboe right now.
Mark Payton: Yeah, I mean, we're continuing to see a pretty strong rebound across the market this morning.
Starting with the S&P 500, it's up about 1%. The Nasdaq is actually leading the major averages, up about 1.5%. So technology is really driving today's move here in Chicago.
The Russell 2000 is also participating. It's up about 0.8%. So we're seeing some of that strength extend beyond just the biggest technology companies.
But some of the biggest individual moves are definitely coming from the chip sector.
AMD is up around 9%, briefly crossing a $1 trillion market value for the first time ever today. Shares reached an all-time high earlier this morning, and Intel is up around 11%.
It's part of a broader move in semiconductors, with the overall chip index up around 2.6% today.
Here at Cboe, the VIX is around 15. So even with some pretty big moves across stocks, volatility remains contained.
And then there's oil, which continues to be one of the biggest stories we're watching today.
The November WTI contract is around $93.75 a barrel, down roughly 2.4%, while Brent is around $101, down about 2.8%. Both are trading near two-week lows.
Part of what's driving that move is optimism around U.S.-Iran talks, while Saudi oil exports are also starting to pick back up.
And we're seeing some relief in the bond market as well. The 10 year Treasury yield has eased to around 4.96%, putting it back below that closely watched 5% level.
So when you put it all together here at Cboe, stocks are higher, technology and semiconductors are leading, volatility is holding around 15, oil is falling and Treasury yields are easing.
So it's a much better tone across the markets to start the week.
Remy Blaire: Well, Mark, I appreciate your time this afternoon.
Thank you so much for joining us. It is sure to be a very busy week, so let's see what happens as we head into the rest of the trading week.
