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Daily Recap

Despite soft international markets, and in advance of what traders have taken to calling “Super Thursday,” US stocks managed to rally – looking past the short-term and anticipating more good news in the long run. Asian markets were mixed, though the Shanghai exchange rose more than 1%; the Asia Dow overall fell 0.11%. European exchanges were weaker, with all major bourses finishing lower – but only slightly.  The STOXX 600 declined by 0.06%. In the Americas (ex-US) the four biggest markets were split – 2 higher, 2 lower.

 

Tomorrow brings three potentially shocking events: The UK election, the ECB meeting to discuss interest rates, and Comey's testimony before Congress. But US shares seem to have discounted those, and are having none of the negativity, rallying into the close despite sharply lower oil prices. At the close, the Dow was 37 points up, the S&P 500 up 4, and the NASDAQ powered another 22 points higher. Crude ... Log in or subscribe to continue reading.


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