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Melt-Up?

Daily Recap:

Today was another good one for US stocks, leading off with news of a $20 billion stock buyback from Walmart. That started the Dow off some 50 points higher, which is where it stayed for most of the day. 

 

Overseas, things were quiet before that, though the Asia Dow was up just over half a percent. Talk of "WWIII" breaking out apparently had no legs, as S. Korean shares joined the rest on the upside. In Europe, major markets were down except for the UK; that was enough to keep the STOXX 600 to a teeny 0.01% loss for the day.

 

Fixed income assets were down slightly worldwide, though up slightly in the US. Our 10-year note finished with a yield of 2.247%. Selling pressure sent the US dollar lower, closing at 93.32, down 0.54%. 

 

That lower dollar, along with strong oil prices, helped the precious metals add to their recent recoveries. ... Log in or subscribe to continue reading.


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