The Dow has moved into negative territory giving up a 707.24 point gain.The indiex is down -24 points now or -0.07%
The S&P was up 110.39 points at the high. The index is now up 14.6 points or 0.37%.
The Nasdaq was up 427.9 points. It is currently up only 62 points or 0.56%.
Easy come. Easy go.
In the forex, the dollar selling has seen some slowing but the declines remain.
EURUSD is testing its 38.2% retracement of the run up from the pre-release low at 1.05276. That 38.2% retracement comes in at 1.0617. The low price just reached 1.06184
EURUSD corrects to the 38.2% retracement
USDJPY stays around the 200 day MA
In the US debt market market the two year yield is off its low level but still down -18 basis points at 4.22%. The low yield reached 4.141%
The 30 year is down -8 bp at 3.496%. It’s low yield reached 3.451%.
The US treasury will auction off 29 year and 11 month bonds at 1 PM ET. The 10 year auction was met with tepid demand especially from overseas buyers yesterday.
