Nasdaq 100 again leads US closing gains as yields ease

Yesterday, as noted here, the initial reaction in the bond markets to the US ISM data seemed rather strange, as US treasury yields rose. Well, that reaction did not last and neither did the downside it produced in the US stock markets. All three major indexes rebounded as those yields eventually dropped back and the dollar slipped again. The best performing index was once again the Nasdaq 100. It closed 1.45% higher, at 14,776, with a gain on the day of 210 points. Overnight the Japanese markets have reacted positively too, with the Tokyo TOPIX once again leading the standout Asian gains there. That has helped the US futures to make some modest further progress. However, and right now the Nasdaq 100 future is struggling to price a higher opening ahead of the European opening, currently indicating that as almost unchanged