Today was a bit calmer for US stocks at first, following two consecutive big days on the upside. Stocks were mixed overseas; the Asia Dow rose 0.21%, led by the NIKKEI which benefited from a lower yen. Gains were largely offset by a 1.1% fall in the Shanghai index. In Europe, the STOXX 600 fell 0.18% in advance of Fed Chair Powell's comments to Congress.
In the US, stocks started off about unchanged, rose nearly 100 Dow points, sold off about 200 points from there by noon, and then started rallying again. But that wasn't to last, as the Industrials ended with a 300 point loss, on the lows of the day. The S&P 500 and NASDAQ fell even more, percentage wise - down 1.23% and 1.27%. Declining issues on the NYSE whooped the advancing issues badly, 2,302 to 683.
Interest rates jumped a bit again, partly based on Powell's view of ... Log in or subscribe to continue reading.
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