Foreign equities played a bit of catch up today with US shares. The Asia Dow, led by Japanese and S. Korean shares, jumped by 1.18%. In Europe, good news from China was good news for the miners, which along with strong autos, led the STOXX 600 to a less impressive 0.39% gain. In the Americas, stocks were mostly lower.
US shares were higher all day - except for the NASDAQ, which started off stronger but closed down 11 points or 0.17%. The S&P 500 rose 4 points or 0.16%, and the Dow Industrials gained nearly 58 points (0.25%). The Transportation Average lost 0.06%, but advancing issues topped declining issues, 1,559 to 1,384.
Government bonds were quietly higher. The yield on the US 10-year note fell slightly, to 2.373% as no surprises came out of the Fed discussions. The dollar was, oddly, higher, closing with a 0.27% gain, at 94.79.
The metals had an (overdue) ... Log in or subscribe to continue reading.