US stocks turn opening gains into early loses

US stock market open 4 August 2016

The S&P opened flat before nicking 3 ticks to the upside but has reversed that into a 3 tick loss as we trade at 2160.

The Dow did pretty much the same thing, gaining around 40 ticks which is now -20 at 18334. The Nasdaq is down 11 at 5149.

In the FX world we seem to have a fair few pairs still sitting around key levels but the enthusiasm seems to have dwindled. The NFP's is our next big event so we may see some summer water treading until then.

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