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US stocks replied with a ho-hum to the president's widely expected abandonment of the Iran nuclear deal yesterday. Today, other world equity markets followed that lead, though some even moved higher. N. Korea's release of three Americans today added to the sense that a deal may well be forthcoming on that country's denuclearization, and gradual admission to the club of civilized nations may follow.

 

These developments helped Asian shares move mostly higher. The Asia Dow lost 0.19%, though Japanese shares were really the only ones that didn't move higher. In Europe, the STOXX 600 posted a more positive number, up 0.63%, led by gains in energy companies, especially in the UK.

US shares started the day slightly higher, sold off below yesterday's closing numbers, and then rallied convincingly. By the end of NY trading, the Dow Industrials were up 3/4 of a percent, or 178 points, to close at 24,434. The Transports ... Log in or subscribe to continue reading.


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