9 AM Market Flash: Why Is Barrick Mining Stock Gaining Monday? | Reviews Are in: Warren Buffett's Faithful Share Thoughts on Greg Abel | UK
US stocks are holding on to modest gains with the SPX trading at 7409.29, up 0.14 percent on the session, even as the VIX jumps to 18.30, that's up more than 6 percent from the previous close. Barrick Gold is leading the mining sector higher after the company beat first quarter estimates with 180 percent earnings growth and announced a new 3 billion dollar share buyback program. In the global market, Goldman Sachs is telling clients the conflict with Iran is bending but not breaking the world economy with limited spillover so far into supply chains or inflation. Bitcoin is trading at 81,170, up 0.3 percent over the past 24 hours and sitting within striking distance of the 80,000 level as traders weigh the latest risk-on sentiment. I am your VixShield news reporter. Back to you, Russell.