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How to Rent Out Your Stocks for Extra Income (Part 2)

Daily Recap

Stock market action around the globe was mostly positive today, with nearly all international markets except India and Singapore in the green. Over in Europe, the Stoxx 600 rose 0.37% while the Europe Dow gained 0.45%. In Asia, China's Shanghai Composite was the strongest performer, up 0.86%. The Asia Dow climbed 0.69%.

 

Here in the States equity prices also rose, but it was gains in utility and other dividend-paying stocks that led the way higher as economic data came in below expectations. At the close, the Industrials were up 15 points with the Transports up a healthy 0.57%. The S&P 500 rose 0.03% while the Nasdaq headed the other direction, falling 0.29%.

 

Soft economic data driving the price action included a 1.1% drop in durable goods orders for May, with core capital goods declining 0.2%. The Chicago Fed national activity index also declined in May.

 

Action in the bond market was muted, though ... Log in or subscribe to continue reading.


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