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Stocks Fades Through to NY Hours, NASDAQ the Laggard

EQUITIES
  • E-mini S&P tips through the overnight lows to put futures flat/very minor negative territory at the NY crossover. Weak support at 4137.15 has given way, opening 4129.8 on an intraday basis - a break here would see 38.2% of yesterday's bounce erased.
  • The NASDAQ future is mildly underperforming relative to the more resilient DJIA, with the bump higher off the lows for US yields helping add some pressure.

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