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Daily Recap

Equity markets took a timeout today following five days of all-time highs in the US. Japanese shares were lower, Chinese and Indian shares higher.  In Europe, stocks were mostly lower, with the STOXX 600, down 0.37%.

US shares were lower most of the day after scoring new highs early on, and then rallied modestly going into the President's news conference.  He ended it prematurely, telling his sons, "you're fired" if they don't manage his companies well and ignoring questions about Russian contacts.  The market's reaction was - shrug, then moving higher.  At the close, the Dow Industrials were actually up 8 points, while both the S&P and NASDAQ finished down a few points.  

The dollar index lost ground on "political" concerns, the US dollar index dropping to 100.49.  Most bonds printed green today, up half a point or so.  The 10-year Treasury yield dropped below 2.5%, closing at 2.452%.

Commodities were mostly higher.  Crude oil ... Log in or subscribe to continue reading.

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