Commodities, Tech Leading The Market Higher

A lot of money has been moving into U.S. equity markets this morning. The Dow Jones Industrial Average is 136 points higher at 10,564 and the Nasdaq is up 34 points at 2,302. So where are the professionals placing their bets on the first trading day of 2010? The same place that they have been for the better part of 2009, commodities and tech.

Among the names to keep your eye on today are Freeport- McMoran (NYSE: FCX), which is 3.69% higher, Chevron (NYSE: CVX), up 2.45%, SPDR Gold Trust ETF (NYSE: GLD), with a 2.43% increase, and Semiconductor HOLDRS ETF (NYSE: SMH) which is 2.18% higher.