S&P index erases earlier gains

The major US indices have eroded their gains/most of their gains. The Dow industrial average and the S&P index is now in negative territory.

• The Dow industrial average is down -0.28% at 42968.80 after trading as high as 43,130.33 or up 41.31 points.
• The S&P index is down -2 points at 6091 after trading as high as 6108.51, up 16.33 points.
• The NASDAQ index is still holding onto gains of 45 points or 0.23% at 19958.30, but is off its highs of 20,052.78, up 140.25 points.

Looking at the US debt market, yields are modestly higher:

• 2-year yield 3.790%, +0.7 basis points
• 5-year yield 3.864%, +0.7 basis points
• 10-year yield 4.308%, +1.5 basis points
• 30-year yield 4.854%, +2.3 basis points.

In other markets :

• Crude oil prices are trading $1.23 at $65.60. The price was near $66.
• Gold is trading up $11.02 or 0.33% at 3334.55.
• Bitcoin is trading up $1077 at $107,395.

This article was written by Greg Michalowski at www.forexlive.com.