Nasdaq 100 futures give back earlier gains

Yesterday the Nasdaq 100 was not actually the worst performing major US stock market index. That mantle belonged to the S+P 500, with a 3% loss on the session, where the Nasdaq 100 closed lower by 2.96%, but as you can see it was a close run race to the bottom. Well, earlier today the Nasdaq 100 futures rose to indicate a reopening to as high as 18,325. The index had closed last night at 17,895, with a loss of 545 points on the session, but it could have been so much worse. The low earlier in the day was set at 17,435. Well, just now as the European markets fall back further and the Nikkei futures fall over 1200 points, the Nasdaq 100 is not priced to reopen above 18,300 any more. In fact, it is now priced to reopen below 18k. So, once again we are in for another very lively session and that opening indication is also likely to chop and change many times before the US markets resume live trading. The Nasdaq 100 is currently priced to reopen at around 17,960