Nasdaq 100 lifts above 20k as US home sales slightly beat forecasts

The latest US new homes sales data has just been released and for what it is worth, the data has fractionally beaten forecasts. Ahead of this release the Dow Jones and the Nasdaq 100 had flipped their relative positions from what was seen right on the opening. The Dow Jones has fallen back further now and currently testing the overnight lows implied by the futures, at or just below 42,100. At the same time, the Nasdaq 100 has now managed to do something it could not yesterday and that is rise above the 20k level for the first time since July. The index has just now moved towards 20,025.