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Please Be Patient, Janet

Daily Recap

Equity markets around the world had a strong start to the week as technology shares rebounded. Tech companies in the S&P 500 gained 1.7%, leading the large-cap index to post a gain of 0.83%. The Nasdaq did even better, up 1.42%, while the Industrials rallied a solid 145 points or 0.68%.

 

Gains in U.S. markets were matched elsewhere, with Europe's Stoxx 600 up 0.86% and the Asia Dow up just shy of a half percent. Altogether the Global Dow managed a 0.64% rise.

 

Treasuries sold off across the board, leaving the bellwether 10-year note with a 2.19% yield. Meanwhile the dollar strengthened, up 0.43% to 97.53.

 

On the commodities side, oil continued its decline, with light crude falling another 1.2% to $44.32/bbl. Metals also felt the brunt of a stronger dollar, with gold down $10 and silver down 16 cents, while platinum remained unchanged. Miners also treaded water, with XAU down 0.06% for the day.

 

Please Be Patient, Janet

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