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Daily Recap

Stocks were mixed in today's session with the bias seemingly to the sell side. Nowhere was this more evident than in the Industrials and Transports, where the Industrials fell 119 points vs. a half percent gain for the Transports. IBM's poor earnings and large drop today are credited for part of the Dow's drop.

 

The Nasdaq managed to stay in positive territory, up a quarter percent, while the S&P 500 fell 0.17%. Overseas markets were mixed, with Europe mostly in the green (the STOXX 600 gained 0.24%) while Asia was mostly in the red. The DJ Asia-Pacific Total Stock Market Index fell 0.38%.

 

Fixed income markets gave back some of yesterday's gains, with Treasury prices falling across the board. The yield on the 10-year note sits at 2.22%. Meanwhile, the dollar bounced, its index up 0.31%, and crude oil fell hard, down nearly 4%. WTIC is still trading above the 50 mark, but not ... Log in or subscribe to continue reading.


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