It may be a coincidence, but nevertheless odd that the Dow Industrials have been up about 90 points most of the day, while the NASDAQ has been down about 90 points. The thought is that after yesterday's huge gains, folks are taking profits in tech issues such as the FANG companies, and buying more of the financials.
Overseas, markets didn't follow New York's lead from yesterday too much, though shares did trade mostly higher. The Asia Dow added 0.47%, with S. Korea apparently not too concerned about the North's latest missile launch – down a mere 0.05%. Most European shares were up also, as the STOXX 600 gained 0.24%, held back somewhat by British shares' 1% drop. Non-US American markets were mostly lower, except for Mexico recapturing much of yesterday's losses to finish 0.86% higher.
Fixed income markets took a hit on the heels of more optimistic comments on the economy from ... Log in or subscribe to continue reading.
Premium Content Notification
A subscription is necessary to access premium content.
Please use the button below to subscribe in order to access all premium articles