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Did You Witness the Great American Solar Eclipse?

Daily Recap

On reputedly the slowest trading week of the year besides around the holidays, stock prices mostly just flopped around today on low volume in the US.  All eyes were fixed on Jackson Hole and the world's monetary policy leaders, even though nothing much was expected out of them this time around.  Economic news was sparse, and mixed: slightly bearish on new home sales, slightly bullish on jobless claims.

Asian exchanges were mixed; the Asia Dow lost 0.26%.  European exchanges were mostly higher; the STOXX 600 gained 0.16%.  American exchanges were all higher, except for those in the US, which traded lower most of the day - but not by much.  At the end of the day, the Dow Industrials were down 29 points, the S&P 500 down 5 points, and the NASDAQ down (yawn...) 7 points.

Precious metals again traded lower; with traders net long, some sold in advance of news out ... Log in or subscribe to continue reading.


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