Richard's Thoughts on Truth
After mixed trading in Asia and Europe, stocks opened higher in New York. Good news on the US's GDP –- up 2.9% – spurred optimism about the economy's future, in line with similarly positive GDP news out of the UK.
But then the latest bombshell on Hillary Clinton hit, and stocks slumped. Based on new evidence (who said Russia wasn't trying to influence the election?), the FBI announced that it was re-opening their investigation on the Democratic candidate. Stocks swooned, as Clinton's lock on the presidency seems not so sure now. The Dow fell sharply, but coming into the close, is unchanged on the day. Volatility is back, and nearly certain to stay with us for awhile.
Interest rates were mixed, torn by conflicting influences. The US dollar was lower, its index down about half a point. Oil prices dropped, with crude losing about a dollar a barrel. Happily for owners of ... Log in or subscribe to continue reading.
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