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Daily Recap

In another quiet trading session, US stocks traded mildly lower most of the day, before rallying slightly into the close. News was mostly uneventful, as ADP employment numbers were almost spot on, and the Fed stood pat on interest rates.

 

The main excitement came from Apple, whose earnings were also about spot on, but with mildly weaker-than-expected sales of its iPhones. That sent the NASDAQ down 40 points by mid-session, but it regained more than half of that by closing time.

Most key Asian exchanges were higher, but that didn't stop the Asia Dow from losing half a percent. European shares were truly mixed, reflected by a 0.04% decline in the STOXX 600. Bonds lost ground today, raising yields and boosting the US dollar index. The 10-year note's yield increased to 2.322%, and the dollar rallied late in the day to finish at 99.30, up 0.41%. The oil market was quiet, with crude ... Log in or subscribe to continue reading.


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