Quotes from the news wire:
We have a continuation of an economy that has been pretty firm and pretty balanced for the better part of the last several years and that’s been good for stock prices, what we are seeing are yields under control and stocks doing well, but the report was strong enough to suggest a bit of a bump in the dollar.
Oil continues to directionally trade with equities and oil prices are higher, and more important, economic data recently has been better than feared, meanwhile, the backdrop for equities is oversold. ... This has certainly compelled some folks who are under-invested to get back into the stock market.