Update

Stocks started the day with solid gains. S&P is now at 926.56, up 8.15 points. Utilities and consumer staples sectors are the main laggards of S&P. Health care, on the other hand leads the S&P in the early trading, up 1.04%.

Fixed income is trading with mixed fashion. 5-year and 10-year treasury yields are now pointing to solid gains, 0.88% and 1.15% respectively, while the 30-year yield is down slightly to 4.61.

U.S. Dollar index is currently trading with moderate losses at 80.44, down 0.19%. The index seems to be stuck in 79-81 range for almost a month now.

Rochdale just initiated Citigroup (C) with buy rating despite the bad management. Rochdale believes that C is the only international bank in the world and it would be very difficult to replace them in the near future. The stock is at $3.18 a share, up 1.58%.