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Daily Recap

Stocks breathed a sigh of relief as the Fed seems not inclined to rate interest rates soon, and perhaps not in June after all. Global markets had already finished higher, with the Global Dow up a third of a percent.  

In the US, poor sales and earnings out of Apple put downside pressure on the market, but things turned around later on. Near the close, the Dow and S&P are both solidly higher, though the tech-heavy NASDAQ is down as much as those others are up. Treasury yields tumbled to their lowest in a week, while oil prices rose to their highs of the past 5 months (over $45/bbl), taking energy stocks higher with them.

The precious metals were sharply higher early in the day, but ended up giving a lot of it back. Gold looks to close a couple of dollars higher, but silver, the mining shares, and especially platinum are having ... Log in or subscribe to continue reading.


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