Foreign markets were heartened by the news that Kim Jong Un has put a launch of Guam-bound missiles on hold, and were mostly higher. S. Korea's KOSPI gained 0.63%, while both the Shanghai and NIKKEI indexes were up goodly amounts as well. In Europe, most markets also traded higher, but with the STOXX 600 gaining only a modest 0.09%.
That action, along with positive numbers on retail sales and manufacturing activity, boosted US stock prices at the opening. They gradually lost steam, however, and were in the red around midday, with Home Depot creating a big drag on the Dow despite good earnings news.
The dollar gained on those signs of economic strength, as did bond yields. The 10-year note fell by 12/32, its yield rising to 2.265%, and the dollar index rose 0.34%to 93.82.
Crude oil and precious metals sold off - crude on shale supply concerns and the metals on a ... Log in or subscribe to continue reading.
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