US technology index starts Wednesday session higher, gaining almost 1.5%
While in Europe today we can see mixed or even slightly worse moods, the session overseas starts with gains. At the start of the US session, the main US indices are climbing. The Nasdaq (US100) is doing particularly well, gainingĀ nearly1.5%. Tech stocks are benefiting from the recent decline in US bond yields. U.S. 10-year Treasury yield fell today from 14-month high of 1.77% to 1.72%.Looking at the chart from a technical point of view, the index broke above major resistance at 13,000 pts. If the current sentiment prevails, upward move could be extended to the 13,150 pts handle , or even resistance at 13,280 pts.
US100, interval H1. Source: xStation5
