After numerous days of weak prices, US shares had a good bounce today. Traders are pointing to good earnings reports dominating the news. It also doesn't hurt that the President is finally settling down and acting presidential, and is moving forward on the kinds of issues Wall Street wants to see. Lower taxes and regulations need Congress's consent, and that won't always be easy. But things are headed in the right direction in many people's minds.
Asian stocks had a mixed session, as did European shares. The STOXX600 index gained a puny 0.13%. The dollar index was up at the close, to 100.31, still pressing against support in the 100-101 area. Bonds had a tough day, with 30-year Treasuries down a full point. The yield on the 10-year note rose to 2.458%.
Crude oil rose, finishing over $53, but the precious metals didn't fare so well. Gold dropped $9, silver fell 14 ... Log in or subscribe to continue reading.