Today is pretty much a nothing day; nothing in terms of decisive action, that is. European shares were mostly higher, the STOXX 600 gaining 0.3%. Key Asian markets were mostly quietly mixed. In the US, the oddball situation with the Dow and NASDAQ continues; the Dow is down 25 points coming into the close, while the NASDAQ is up 25! As the chart below shows, this divergence has been going on for all of this month.
As it now stands, the Dow has made two lower highs since the beginning of March while the NASDAQ keeps bumping up against its March 1 highs. What's behind this different performance? Something to look into, perhaps.
Bonds rallied today, sending the 10-year T-notes yield down to 2.383%. Crude oil also rallied -- up more than 2% on news of better demand. And the US dollar index also rose, pushing the 100 mark, up 0.20%
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