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Daily Recap

Stocks were mostly higher in Asia and Europe, while London indices bounced around their pre-Brexit highs.  Despite the despair in France over recent terrorist atrocities, even the CAC 40 index had a good pop, up over 1%. 

 

Some analysts also credit a growing view that Donald Trump will not be the US's next president as a further source of European optimism. The Global Dow rose 0.32%.

 

The Fed decided to keep interest rates unchanged - no surprise to anyone.  But a September rate hike seems likely, at least for now, and that moved the dollar and bonds higher for awhile.  Near the close, though, the US dollar index was down 0.4%

US stocks are focusing more on earnings than the Fed, and good news for Apple and Boeing balanced out negative news elsewhere, including a weak durable goods report. Coming into the close, the Dow Industrials and S&P 500 are about unchanged, with the ... Log in or subscribe to continue reading.


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