U.S. stocks whimpered out of the gate this morning, apparently more interested in digesting recent gains than pushing higher. Overall this a good sign, as the market has been racing higher at breakneck speed. Declines were led by retail and health care stocks, and were offset by strength in the utilities and a handful of tech companies.
Overall, the Industrials fell 85 points while the Transports suffered a larger decline of 1.4%. The S&P 500 declined 0.32% while the Nasdaq, the best performer of the four, was essentially flat, falling 0.03%.
Overseas markets fared better. In Europe, a 2.44% rise in Spain's IBEX helped lead the Stoxx 600 to a 0.12% gain, and the Europe Dow to a 0.62% gain. Asia was spit between gains and losses, and that resulted in the Asia Dow rising 0.26%. The Global Dow Index was also up, by 0.15%.
Bonds were well received today as prices rose across ... Log in or subscribe to continue reading.