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Brexit Week

Daily Recap

US stocks today added strength to the thought that Trump's healthcare failure wasn't such a big deal after all, and that the NASDAQ has the right idea in terms of market direction.  Asian stocks started Thursday off with modest losses overall, and then Europe put a healthier spin on things - up 0.51% on the STOXX 600 as the Brexit saga moves into another stage.

The US dollar likes what it sees, as did the financial and energy sectors - all three of which had been a drag on US stocks.  The dollar index rose half a percent, to finish at 100.50.  Crude oil gained 83 cents a barrel, to $50.34 on bullish inventories news and problems with Libyan oil. 

Good news on GDP (last quarter's number updated to 2.1% from a 1.9% gain) and a decline in jobless claims adds further weight to the thought that the economy is indeed cruising along in ... Log in or subscribe to continue reading.


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