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Oblivious

Daily Recap

US stocks were mixed today, following modestly lower prices in Asia and Europe. The STOXX 600 index, for example, finished at 372.85, down 0.14%.  US share indices had a mixed personality today, with the Dow Industrials up moderately, while the Transports and the NASDAQ were down rather hard.  Meanwhile, the S&P 500 traded around unchanged.

 

Treasury Secretary Mnuchin cheered investors with talk of "very significant" tax reform by the end of the summer, also claiming that the stock market's stellar performance is a good “report card” on the Trump administration’s performance so far.  Other economic news today was neutral to positive, but not enough to make a real difference.

 

The US dollar traded lower today, its index down 0.38 at 101.  Bond prices were moderately higher, as the 10-year T-Note yield fell to 2.382%.  As for crude oil, it regained some of its recent losses, as increases in US supply of crude stockpiles rose less ... Log in or subscribe to continue reading.


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