Upside momentum fadesThe early gains and momentum in the US stock market have faded, and the major indices are trading in the red.
- S&P index is down 1.6 points or -0.6% at 2589
- NASDAQ composite index is down 21 points or -0.31% at 6765
- Dow industrial average is down 23 points or -0.10% at 23524
US yields are mostly trading near unchanged levels, however, the 30 year yield continues to be pressured. The 30-year yield is down to 2.277%, -1.7 basis points. The 10 year yield is lower by -0.5 basis points at to 2.3109%.