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Nasdaq 100 futures not yet making much progress as Dollar advances further

Yesterday the Nasdaq 100 was the laggard amongst the major US stock markets. That was noted here earlier today and the index closed last night at 21,036, with a loss of 34 points on the day. Earlier today the Nasdaq 100 futures were pricing an opening below 21k, but they have gotten a lift from gains here in Europe, which has seen the DAX continue to advance, and rise above 19,200. The Nasdaq 100 was held back by a lack of traction in pure tech stocks yesterday. With the exception of Intel, the gains where seen were from broader market sector components. US yields have risen further now this morning and that has continued to push the dollar higher again since the time of the last update here- the EUR/USD has now fallen below 1.0510 and the GBP/USD is below 1.2640. So, the USD index (USDX) has now touched the 107 handle, but more on that later. The higher yields are also a headwind for the Nasdaq, but that is less of a consistent dynamic. The index is currently priced to reopen at around 21,060

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