New Year's Resolutions
Currency and interest rate changes grabbed headlines today, along with weakness in US retail and gathering concerns about a perfect Trump economy. China led off by making it harder to profit from a falling yuan, pushing the currency to its highest level in weeks.
US traders took profits on some post-election bond bets, sending prices higher and the 10-year Treasury down to a 2.361% yield. Added concerns about Macy's and Koch helped move US stocks lower, after Europe's STOXX 600 recorded a small gain.
At the closing bell, the Dow was down 43 and the S&P down one point. Tech gains helped keep the NASDAQ up, adding 11 points.
Precious metals kept the rally going. Gold rose $18, platinum $26, and silver up 17 cents. XAU gained a big 4.5 points to close just below 88.
Crude oil got a pop also, up 43 cents a barrel. The buck took a breather, its index ... Log in or subscribe to continue reading.
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