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The Psychology of Traffic

Daily Recap

US stocks opened modestly higher today, and then picked up steam throughout the entire trading session to close near their highs - all-time highs, naturally.  The day's catalyst was surprisingly good earnings reports from B of A and US Bancorp, right in line with positive earnings reports from other companies.  

 

Overseas, share prices were lower, following the disappointing close in US markets on Tuesday.  The Asia Dow lost 0.13%, pressured by losses in Japan, Korea, and the Philippines.  Chinese and Indian shares were mostly higher, however.  The Europe Dow lost 0.21%, as the largest exchanges all finished in the red.  American markets in both South and North America followed the lead of US indexes, and all rose healthy amounts.

 

Fixed income markets were modestly lower across the globe and across the board.  The yield on the US 10-year note rose slightly to 2.574%, guided by the trend to higher rates, but also ... Log in or subscribe to continue reading.


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