US stocks, for the umpteenth time lately, staged a good rally today after suffering a big decline yesterday. The alleged cause: a positive employment number of 222,000 new jobs added, instead of the expected 179,000. Oh, and because tech stocks rallied 1% (after declining 1% yesterday). Sigh... A more likely cause may be that so far, President Trump seems to be faring well in Hamburg, especially in standing up to Russia’s Putin. But mostly, the markets just go up one day only to go down the next, then hit “repeat.” At least today’s breadth was strong, as advancing stocks beat decliners more than two to one on the NYSE.
Overseas, markets were mixed. Asian exchanges were mostly lower, and the Asia Dow lost 0.26%. It was about the same in Europe; all major markets were up slightly or down slightly, leaving the STOXX 600 with a 0.07% loss. In the Americas, ... Log in or subscribe to continue reading.