US stocks stumble as bitcoin gives back gains

We’ve been used to seeing some late-day strength in equities but it’s the opposite today as the S&P 500 turns lower, falling 0.15%. The Nasdaq is also down 0.2%.

To be sure, they’re small moves and the market appears to be waiting for non-farm payrolls but the dip has come alongside bitcoin falling through $98K after touching $103K earlier today.

Some profit taking seems to be in the air, perhaps on fears that we could get hawkish Fed signals tomorrow.

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