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Presidents and Rasputins

Daily Recap

Stocks edged lower again today, following losses overseas, lower oil prices, spotty earnings reports, and continued nervousness over next Tuesday's election.  Asian markets were mostly down, with Shanghai being the notable exception.  In Europe, stocks dropped an average of about half a percent.

Oil prices traded down another 1.5%, finishing under $45/bbl. for the lowest price since late-September.  The British Pound finally got a bounce on news that the UK may not Brexit after all; a long shot, to be sure, but traders were ready for any sign of hope.  That helped move the dollar lower, its index down 0.28%

The precious metals were mixed.  Gold and platinum were up $6 and $3, respectively, with silver down 14 cents.  Bucking the stock market's trend, XAU gained 1.6 points.

Lower earnings for Facebook and Fitbit helped keep a lid on stocks, along with a growing certainty of higher interest rates from the Fed next month.  A ... Log in or subscribe to continue reading.


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