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Nasdaq 100 opens lower and heads south in early trading
It was a lower opening for the US stock markets this afternoon and the early moves were led down by the Nasdaq 100. The index had closed last night at 18,014. It reopened today at 17,926. It initially traded to at 17,864. It was just now trying to rebound slightly, but it appears to be impacted by those higher US treasury yields in early trading. The price action right now is not far above its 21 day moving average. That is in place at 17,962. The Nasdaq 100 has in fact just now dipped below that level, with a fresh session low at 17,854
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