Market Roundup: SPY, UUP, GLD, USO, POT, AAPL, GOOG, JPM, GS, AMZN, BIDU
January 04, 2010 at 14:34 PM EST
The SPX (NYSE:SPY) market is trading higher to start the first trading session of 2010. This all comes on the back of a weaker U.S. Dollar (NYSE:UUP) . Many traders and investors have been discounting the weak dollar/stronger stock market relationship over the past three weeks as both have moved higher together. Today that old relationship is certainly alive and well as the dollar is getting crushed and the market is soaring. Obviously gold (NYSE:GLD) , oil (NYSE:USO) , and agriculture stocks such as Potash (NYSE:POT) are all higher today. In the past the market usually trades higher during the first few days of the…