After starting the day in the red, major averages slowly drifted higher throughout the day to close, for the most part, in positive territory. The gains were led by energy and financials, which rose 0.9% and 0.5% respectively.
The Industrials added a modest 16 points while the Transports rose a larger 0.56%. The Nasdaq climbed 0.3% and the S&P 500 rose 0.1%. Breadth was strongly positive with advancing shares outpacing declining shares roughly 2-1.
Overseas markets were mixed, with the Europe Dow rising 0.34% while the Stoxx 600 fell 0.13%. In Asia, all averages were in the red, most falling less than 1%.
Bonds went the opposite direction of stocks, causing the yield on the 10-year Treasury to rise to 2.37%. The dollar traded most mostly flat, its index ending the day up 0.03%.
In the precious metals arena, gold fluctuated between gains and losses before eventually closing 50 cents higher for the day. Silver did about the ... Log in or subscribe to continue reading.