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Markets were calm today, with most eyes and ears focused on the meeting between President Trump and China's president Xi Jin Ping.  The importance of trade and military issues between the two countries at this time cannot be overemphasized, and traders don't want to be on the wrong side of any surprises.

 

Stocks meandered through the day in the US, following generally lower prices in Asia and higher prices in Europe.  The ACWI rose a minuscule 0.03%.  At the buzzer, US shares eked out gains.  The Dow rose 39, the S&P 500 gained 1, and the NASDAQ was up 4 points.

 

The US dollar index was also up slightly, finishing at 100.57, up a tenth of a percent.  Bonds rallied earlier, but then profit taking sent them into the red by closing time.  The 10-year note finished with a 2.358% yield. 

 

Oil had a good day, with renewed concerns over inventories.  Crude ... Log in or subscribe to continue reading.


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