US stocks stutter as S+P 500 leads modest losses

Last night the US stock markets stalled and all closed modestly lower on the day. The losses, such as they were, remained contained and led by the S+P 500. Perhaps that was a little surprising given the noted, negative technical closes the night before in the Nasdaq 100 and Dow Jones. Nevertheless, the S+P 50 fared the worst of the three last night. The index closed 19 points lower, at 5,069.53. The Nasdaq 100 and Dow Jones still endorsed what was said about the prospects for the current rally to stumble. Overnight the Asian markets are mostly higher and the S+P 500 futures are not much changed from where the index closed last night, currently indicating a reopening for later today, at around 5,065