Mid-Morning Recap by TradeTheNews Staff - Equity futures are hovering near lows weighed down by rising US yields. Companies continue to report fast and furiously affecting todayâs trading in a variety of sectors. Steel names are advancing led by gains in Nucor post earnings. NUE +7.5% X +2.7% STLD +4.5% Strong numbers from Cardinal Health are pushing drug distributors higher. CAH +4% MCK +2.5% ABC +4% Momentum continues in shares of EBAY as it trades higher by more than 10% after last nightâs release. Several of the coal stocks are under pressure after BTU guided below consensus for 2007. BTU â4% ACI â4% MEE â4% December existing home sales were reported slightly below estimates helping send home building stocks towards their lowest levels of the session. TOL â3.25% BZH â4% PHM â2.5% - March crude is near the midpoint of todayâs range moving marginally lower at $55.15. The energy complex is lower with the OIHâs giving back 1.5% and many of the majors lower by 1%. XOM â0.8% COP â1.5% CVX â1% Natural gas futures are lower by more than 4%, making a new low following the announcement of a substantial decline in inventories. Traders seem to have used todayâs storage report as a chance to take profits following the recent run-up in natural gas. Metals futures are giving back some of their earlier gains but Copper and Silver are still up more than 1%. - Treasury markets have broken below some key technicals spurred by comments from a senior Chinese official, suggesting growing unwillingness to accumulate large US dollar reserves, and talk that housing data continues to suggest a bottom. The 10-year yield traded to levels not seen since last August breaking above resistance at %4.85, while the 10-year note future dropped below its 200-day simple moving average. Rising yields are keeping the Dollar fractionally higher against the Euro and the Pound.