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Daily Recap

The market responded in a ho-hum manner to the House repealing and replacing Obamacare, 2.0.  The big test comes later in the Senate, but at least the Republicans got one in the win column.  US stock prices were down most of the day, but rallied back to finish about unchanged.  The Dow Industrials lost 6 points, while the NASDAQ and S&P 500 showed small gains - up 3 and 1 points, respectively.

In overnight trading, Asian stocks were lower, with the exception of India and Japan.  The Asia Dow lost 0.34%.  European shares were higher across the board, and the STOXX 600 gained 0.67% as a result.

Earnings were mostly positive in the US, while economic data was mixed.  What definitely wasn't positive were oil prices, down to multi-month lows on greater US supplies and a loss of confidence in OPEC's ability to manage prices.  Crude lost a big 5%, to finish at ... Log in or subscribe to continue reading.


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