Around 20 minutes into the stock market open in the US and the S&P has seemingly had enough of the 2000 level for the week as it drops back to former resistance turned support at 1991. We’re currently at 1996, -1 point
S&P daily 05 09 2014
The Dow is down 16 at 17053 and the Nasdaq if off 3 at 4565
I shouldn’t think the NFP data would be enough on it’s own to sink stocks so again, we could be seeing some mild profit taking into the weekend, especially if the Ukraine peace news isn’t having a positive effect on risk trades all round.
Bond yields are also down with US 10’s at 2.41% -4bp
