Major indices are lower this afternoon, giving back opening gains for the third consecutive session.

Technology is the worst performing sector after Dutch company ASML (ASML) reported first quarter orders that missed expectations.

The Energy sector took out Tuesday’s low (93.73) with almost no effort at all.

We got some good 20-year bond auction results today as the high yield eased to 4.818% from 4.843% when issued. This added some fuel to the market.

The S&P 500 is bouncing here, let’s see how the closing goes.