US stocks opened lower today, the Dow down 100 points and other indices similarly weak. This followed weakness in Europe, based on concerns about the health of Congress' tax reform measure, which ran into new headwinds. International trade was also on people's minds, as Trump's red carpet treatment in Beijing seems unlikely to result in significant resolution of trade issues between the two economic giants.
One result was a lower US dollar; its index fell 0.39% to 94.51. Fixed income markets were mostly lower, although shorter-term US notes were actually higher. The 10-year note, however, fell 2/32, which lifted its yield to 2.324%. The long bond (30 year) was down 10/32 to yield 2.808%
Precious metals were mostly higher, continuing yesterday's trend. Gold gained another $5, and platinum was up $6. Silver was weaker, however - down a cent. Mining shares were lower, following the stock market. XAU closed at 81.87, down ... Log in or subscribe to continue reading.
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