S&P erases its declines. Trading higher on the day. Dow industrial average up 0.65%.

US major indices recovered and trade near session highs. The S&P index is now trading in positive territory after trading down as much as 92 points at session lows. The Dow industrial average is trading up 263 points or 0.63% after trading down as much as 435 points.

The NASDAQ index is still negative by about 120 points or -0.70% but that is still well off its lows of -468.62 points.

US yields are trading near highs with the two year now up one basis point at 3.920%. The ten-year is unchanged at 4.255%.

Gold traders highs $3127.91. Is currently trading up $38 or 1.24% at $3122.85 as it maintains most of its gains on the day. The low price for gold today was at $3076.98.

This article was written by Greg Michalowski at www.forexlive.com.