US equities streatch to the highs of the day

After a slow start, there has been steady buying in US equities today. That’s continued to session highs despite Treasury yields climbing off the lows. The S&P 500 is now up 0.8%.

Apple continues to be a laggard as it declines 4.3% (and is near a session low) as Chinese demand for iPhones declines. It’s impressive that the Nasdaq is up 0.7% despite that and the Russell 2000 is now up 1.7%.

There is some optimism brewing that the tariffs are all talk or at least won’t be as tough as the campaign talk.

This article was written by Adam Button at www.forexlive.com.