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Goldilocks and the Bear Market

Daily Recap

It took over a year, but the S&P 500 has finally bettered its previous all-time closing high, set back in May of 2015. The move comes on the heels of a better than expected jobs report on Friday, and amidst continued turmoil in Europe and elsewhere.

 

Stock markets globally did well, with European markets gaining between 1-2% and Asian markets also up nearly 2%. Japan's Nikkei was the big winner today, rising 4% on the back of elections that are likely to ease the way toward more financial stimulus.

 

The DJ Industrials tacked on 80 points and are less than one percent away from their record closing high. Transports were also positive today, tacking on 0.4%, but they still remain in a downward trend. Gold fell roughly $10 on the day and silver declined a nickel. Light crude also moved lower by 2%.

 

This week marks the beginning of earnings season. Analysts expect corporate ... Log in or subscribe to continue reading.


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