Markets had a lot of Trump related action to digest today, and did so by heading lower. Trump withdrew the U.S. from the Trans-Pacific Partnership, discussed the imposition of a major border tax on companies moving operations overseas, and talked about cutting taxes "massively" for the middle class. He also signaled once again his intent to reduce regulations by at least 75%.
The uncertainty caused by all this sent equity markets in the U.S. lower, with the Industrials falling 27 points to close at 19,800. The Transports ended the day down just shy of 1%, while the Nasdaq and S&P 500 were 0.04% and 0.27% lower, respectively. International markets were mixed with most of Asia in the green and most of Europe in the red.
The dollar also lost ground, it's key index down 0.51% to 100.18. This helped precious metals tack on some additional gains, with gold rising $11, silver up 15 cents ... Log in or subscribe to continue reading.