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Daily Recap

A quiet, mostly positive day brought little in the way of changes across all markets. In equities, higher Japanese stocks outweighed lower Chinese shares, allowing the Asia Dow to gain 0.18%. European markets were almost all higher, sending the STOXX 600 up 0.54%, with Germany again leading the pack.

In the US, the Dow Industrials were up virtually all day long, and rallied to close near the day's highs – up 79 points or 0.32%. Both the S&P 500 and the NASDAQ were unchanged to lower most of the day, but they too rallied into the close. The S&P was up 0.22%, while the NASDAQ finished dead even. The Small Cap index rose 0.43%, but the day's big winner was the Transportation Average, up a big 2.29%.

The Fed's beige book confirmed a strong economy with some upside wage pressure. That, along with more good earnings reports, mattered more to traders ... Log in or subscribe to continue reading.

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