Stocks continued to tread water today with major indexes heading in different directions. Energy once again led the market lower. The Industrials ended the day down 36 points while the Transports headed the opposite way, up 0.42%. The Nasdaq added 0.29% while the S&P 500 shed 0.10%.
Earlier in the day, Asia saw mixed markets which left the DJ Asia Pacific Total Stock Market index down a half percent and the Asia Dow down a third of one percent. In Europe, most markets were in the green with the Stoxx 600 rising 0.45%.
The dollar strengthened, which put additional pressure on oil and commodities. Light crude was down nearly a percent, to $46.16/barrel. Treasuries were flat, with the yield on the 10-year note currently sitting at 2.39%.
In the precious metals complex, gold fell another $11, continuing its short-term downward momentum while silver slipped 19 cents. After three days of gains, platinum reversed ... Log in or subscribe to continue reading.