US equities came under pressure in the last few hours of trading last night weighted down by a sharp fall in oil prices following reports of an increase in gasoline inventories. Meanwhile US Treasury yields are higher along the curve and the US Dollar is stronger across the board probably reflecting a bit of ease in geopolitical tension as the Pentagon confirms it didn’t send an armada directly to North Korea. US equities struggled for direction at the start of the session amid mixed earnings reports. IBM share fell after sales missed estimates and Morgan Stanley shares climbed more than 2% after the firm reported better profit and revenue figures. Later in the session, however, news that gasoline inventories rose by 1.54 m barrels last week against expectations of a modest decline triggered a selloff in the energy sector dragging the S&P and Dow Jones into negative territory.