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Daily Recap

There was general follow-through on yesterday's positive moves in world stock markets. Major Asian exchanges were all up respectable amounts, as were European shares. Those helped send the Global Dow Index up 0.25%.

In the US, stock prices still have the happy buzz from nothing out of N. Korea, a stronger likelihood of a budget deal, and especially Trump's aggressive tax change proposal. Half an hour before the close, all major US indexes are up modest amounts.

Bonds are up modestly as well, along with the US dollar index and even gold, as traders in those markets pause to evaluate recent developments.  

By closing time, US stocks sank back to about unchanged or even lower on the day. The Dow fell 21 points or 0.10%; the S&P lost 1 point or 0.05%; the NASDAQ finished unchanged from yesterday. The dollar index also sold off, finishing up just 0.11%.

Crude oil gave back earlier gains from ... Log in or subscribe to continue reading.


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