Stocks have had one eye on Iraq news and as the situation looks to have gotten worse we’re seeing some early reaction as US trading gets underway.

  • S&P -4pts to 1931
  • Dow -50pts to 16724
  • Nasdaq -7pts to 4303

US 10 year yields 2.59% -1bp

The dollar is giving up the slim gains over the data to trade down to 101.82 from 101.89