Most of the Asian Markets, including the Pacific Markets have seen and experienced a slight upswing on its market tradings on Wednesday, but the Hong Kong Hang Seng index dropped 2 percent on its opening.
Market breadth was positive. On the New York Stock Exchange, winners beat losers by four to one on volume of 1.13 billion shares. On the Nasdaq, advancers topped decliners by over five to two on volume of 1.74 billion shares.
Treasury prices slipped, raising the yield on the benchmark 10-year note to 2.71 percent from 2.70 percent late Friday. The 10-year yield dipped below 3 percent last month for the first time since the note was first issued in 1962. Treasury prices and yields move in opposite directions.
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