Stocks were mostly lower overseas, and about the same in the US. Asian markets got slammed, with the Asia Dow losing 1.18%. European stocks were lower. Despite a 0.3% gain by Britain’s FTSE, the STOXX 600 index fell 0.11%.
In the US, markets were quite calm, as investors digested the ramifications of tax reform, the latest news on the Russian investigation, and a possible government shutdown. By the close, though, the Dow Industrials were down 39 points, the S&P 500 lost a fraction of a point, while the NASDAQ held onto most of the day’s gains, up 14 points. It was the exception, as most sectors finished in the red.
Bonds rallied, the 10-year T-note’s yield dropping to 2.33%. The Canadian loonie and Mexican peso fell on news of Trump possibly pulling the US out of NAFTA. The US dollar index closed at 93.57, up 0.27%.
Precious metals again struggled with a higher dollar. ... Log in or subscribe to continue reading.
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