Well that was hardly convincing- Dow Jones snaps 10 day losing streak but only just

Yesterday the Dow Jones did open higher, commencing live trade at 42,464. The index had closed on Wednesday at 42,326. It then rose to a high at 42,787. However, that was not the full story because the index then fell back close to where it had closed the night before and only just managed a poultry 15 point gain by the end of play, closing at 42,342. Ok, so we can say it snapped a 10 day losing streak, but that was all it did do. That 15 point gain on the day was less than convincing and it is safe to say; that lack of any meaningful bounce sent the Dow futures lower into the Asian opening today. The further gain in US yields and a global market that clearly has its tail between its legs is now at risk of a deeper relapse and perhaps we should not forget that it was arguably the Dow Jones that set the downside ball rolling. The Dow was way ahead of the other US and European indexes in turning lower. Today is really the final day of full swing action ahead of the Christmas break and it could be important for setting the scene ahead of the New Year. There will be more to add on the Dow later. Meantime, the Dow Jones futures are currently pricing an opening around 42,240