Richard's Thoughts On Optimism
Stocks presented a mixed picture again today. Asia markets were mostly higher, with Shanghai's lower prices enough to give the Asia Dow a 0.01% lower close. European shares were also mixed, but with the biggest markets closing higher, the STOXX 600 added 0.28%. The four largest non-US markets in the Americas were split: two up and two down.
In the US, paltry news included a weak-ish jobs report, but a strong ISM nonmanufacturing report – the best in a dozen years. The biggest feature was Apple's earnings, however – up much more than expected. Investors sent the stock up 3% and set the tone for all stocks.
Given Apple's performance, it was unsurprising that the NASDAQ was the day's big winner: up 49 points or 0.74%. The Dow gained 23 points or a tenth of a percent, and the S&P 500 was up 8, or 0.31%. Losers topped winners, though, with only 1,375 ... Log in or subscribe to continue reading.
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