U.S. equities benchmarks were trading higher as investors were cheered by healthy economic data. But the market pared earlier gains, with major indexes closing off intra-day highs as bond yields jumped, which could dampen appetite for stocks. The biggest sell-off in the long-end of the Treasury market, 10-year Treasury note yield jumped 11bps and the 30-year bond yield vaulted 12bps. These Rising yields appeared to dampen a rally for stocks, which finished well off during yesterday's session.
Dow outperformed its equity benchmark peers at a record for the 15th time this year. During today's session the index may see a pullback towards the 26650 support level and thereafter may bounce back up in the direction of the 26844 level.
Support: 26650 26537
Resistance: 26844 26917