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Richard's Thoughts on Gold

Daily Recap

The US stock market was extremely choppy today, with the Dow Industrials trading back and forth over yesterday's closing price. Other US stock indices were weaker, trading lower most of the day.  

Key news included concern over the French presidential election, in light of yesterday's attack in Paris.  But on the plus side, President Trump promised a "massive tax cut" in the near future, Visa and GE both posted positive earnings, and home sales rose to the highest level in 10 years. In the end, that translated to the Industrials closing down 30 points or 0.15%, the S&P 500 losing 7 points (0.3%), and the NASDAQ dropping 6 points (0.11%).

 

Asian markets were mixed, with the most notable move coming from Japan's NIKKEI, up 1.03%. Europe presented a snoozer today, even as France's CAC 40 fell 0.37%. The STOXX 600 managed a minuscule gain of 0.02%.

Oil prices dove again -- one source of ... Log in or subscribe to continue reading.


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