NASDAQ gives up its gains on the day

The NASDAQ NASDAQ The Nasdaq Stock Market or NASDAQ is an American stock exchange. It trails only the New York Stock Exchange (NYSE) in market capitalization and is part of a network of stock markets and options exchanges.Launched back in 1971, NASDAQ is the acronym for the National Association of Securities Dealers Automated Quotations. Since then it is known simply as NASDAQ and has become one of the most influential exchanges worldwide.The NASDAQ was the world’s first electronic stock market, and has since ass The Nasdaq Stock Market or NASDAQ is an American stock exchange. It trails only the New York Stock Exchange (NYSE) in market capitalization and is part of a network of stock markets and options exchanges.Launched back in 1971, NASDAQ is the acronym for the National Association of Securities Dealers Automated Quotations. Since then it is known simply as NASDAQ and has become one of the most influential exchanges worldwide.The NASDAQ was the world’s first electronic stock market, and has since ass Read this Term index has given up all the gains and traded negative on the day. The high price reached 24921. The low price just extended to 23931.

The Dow and S&P remain positive on the day with the Dow up 198 points or 0.55% the S&P is up around 20 points or 0.48%

US yields have seen a rebound to the upside which has helped to dampen the spirits in the stock market.

The 2 year is still marginally lower, but the 5, 10 and 30 year yields are now higher.

• 2 year 3.198%, -1.8 basis points
• 5 year 2.944%, +1.9 basis points
• 10 year 2.840%, +5.5 basis points
• 30 year 3.114%, +8.1 basis point

The USD is also moving higher in reaction to the reversal of the yields.

• EURUSD EUR/USD The EUR/USD is the currency pair encompassing the European Union’s single currency, the euro (symbol €, code EUR), and the dollar of the United States (symbol $, code USD). The pair’s rate indicates how many euros are needed in order to purchase one dollar. For example, when the EUR/USD is trading at 1.2, it means 1 euro is equivalent to 1.2 dollars. Why the EUR/USD is the Most Popular Trading PairCompared to all tradable currencies, the euro (EUR) is the world’s second most traded currency, be The EUR/USD is the currency pair encompassing the European Union’s single currency, the euro (symbol €, code EUR), and the dollar of the United States (symbol $, code USD). The pair’s rate indicates how many euros are needed in order to purchase one dollar. For example, when the EUR/USD is trading at 1.2, it means 1 euro is equivalent to 1.2 dollars. Why the EUR/USD is the Most Popular Trading PairCompared to all tradable currencies, the euro (EUR) is the world’s second most traded currency, be Read this Term could not extend above its key swing area above up to 1.0368. The price is trading at 1.0323 currently
• USDJPY has move back above a swing area between 132.24 132.479 and turned to sellers into buyers. It currently trades at 132.82.
• GBPUSD found sellers near a topside swing area between 1.2337 and 1.2345. It is currently back down trading at 1.2207