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Daily Recap

Stock prices were mixed across the board following Congress’s final passage of the much anticipated major tax reform bill. The Asia Dow gained 0.34%, yet the STOXX 600 fell exactly twice that - down 0.68%. Latin American and Canadian shares were mostly higher; US shares were as well - sort of.

The major US stock indexes were down: the Dow Industrials fell 28 points or 0.11%, the S&P 500 dropped 0.08%, and the NASDAQ lost 0.03%.  But market breadth was positive with 1,516 winners vs. 1,409 losers.

Government bonds were soft again in most of the world. The 10-year US note’s yield has its eyes set on 2.5%, and closed near that at 2.495%, the highest yield in nine months.  The US dollar fell again also, its index now at 93.34, down 0.016%.

Precious metals and crude oil rallied.  Oil was up almost 1%, at $58.08/bbl. as US inventories dropped.  Gold gained $4, silver 3 cents, and platinum ... Log in or subscribe to continue reading.


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