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US stock futures take a hit as US yields rise-check out the Nasdaq 100
The reaction across the US bond markets to the better than forecast US data is one of clear surprise. US bonds have been hit hard and that has seen the 2 year note now rise above 4.85%. It is fair to say that not many players expected this blowout payroll data and that has also dented the opening outlook for the US stock markets. The Nasdaq 100 future is now falling towards 18,900 after that news and the S+P 500 is falling to below 5,325. The Dow Jones future is getting hit too, but off its worst levels. In fact so are the Nasdaq 100 futures too. However, it remains to be seen if the US markets will manage to recover fully when live trading resumes in less than 40 minutes from now. The Nasdaq 100 is currently priced to reopen at around 18,935
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