Stock prices were lower in Europe today, on lower oil prices. The STOXX 600 was down 0.8%, but less than Pacific/Asian shares, which were down 1.3%. US stocks followed suit, with the Dow down almost 100 points early in the day.
But then came the rally that moved the Industrials into positive territory, where they traded for most of the session. A pop in oil prices played a big role, as crude went from down 2% to up just slightly on the day. But by the close, oil was down 1.7% - so go figure. Interestingly, both the NASDAQ and S&P 500 didn't share in the Dow's largesse, and were clearly in the red all day long.
There was some decent economic news, as the October services PMI index rose by 2 points. New home sales also increased in September by 3%.
Bonds were mostly lower, with US Treasuries; the key 10-year notes traded ... Log in or subscribe to continue reading.
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