The US stock market appeared to cool down a bit today, following a week of post-election gains. While Asian markets were mostly higher (up 1.1% on the Nikkei 225), European shares traded lower overall (the STOXX 600 losing a quarter of a percent). In the US, traders are thinking correction after the market's 7-day run to the upside.
Speaking of upside runs, the dollar hit 14-year highs today, which ultimately could negatively impact corporate profits and thus share prices. The US dollar index is remaining above 100, trading at 100.40 coming into the close. Bond prices were mixed, with the 30-year Treasury up on the day, but shorter maturities trading unchanged to lower.
Crude oil prices took a breather today, after yesterday's big rally. Brent futures were down about 1%. Also down is gold, off $4, and silver, down 14 cents, and the mining shares, XAU finishing just above 81. Platinum was up ... Log in or subscribe to continue reading.
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