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Daily Recap

Stocks were up modestly in Asia, but then sold off in Europe an average of about 1%.  That started US shares off slightly lower, but by mid-day stocks were down pretty hard.  The Dow Industrials were 200 points lower at one time, although they rallied to close only 105 down from yesterday's close.  The NASDAQ fell 36 points, and the S&P 500 gave up 14 points.

 

The main culprit was increased concern over the election, with Clinton's lead narrowing and the chance of a Trump presidency - with all the uncertainty that would entail - putting investors on the defensive.  Oil prices also lost ground, with crude closing under $47/bbl.  Despite lower stocks and lower oil, CVX added another $1.70 and XLE was up slightly.  Good news for the oil stocks?

 

Other winners included the precious metals.  Gold was up $11, silver up a booming 45 cents, and platinum $11 higher.  XAU, ... Log in or subscribe to continue reading.


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