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Richard's Thoughts on the Bull's in Charge

Daily Recap

Today marked the 5th day in a row of alternating market direction, as stocks followed yesterday’s declines with an up day, on no particular news (once again). As yesterday, Asian exchanges were mixed and the Asia Dow fell 0.69%. Europe was again lower across the board, with the STOXX 600 giving up 0.34%.  

 

But in the US, all three major indexes were higher, though the NASDAQ was nip and tuck throughout the day. The Dow Industrials finished with a 64 point gain, dropping about 70 points in the last 15 minutes or so. The S&P 500 gained 4 points and – oh my gosh! – the NASDAQ fell 10 points in the last 5 minutes to close DOWN on the day at 6,140 (minus 4 points). Well, well, well…

 

Bonds were mixed worldwide, though once again lower in the US. The 10-year note finished the week with a 2.299% yield, its highest in a month. ... Log in or subscribe to continue reading.


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