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How Long is Long?

Daily Recap

Stocks were mostly higher today, though unevenly so. The Asia Dow finished with a 0.08% loss, despite boffo earnings from Sony, and higher share prices in India, Japan, China, and Singapore. The STOXX 600 fared better – up 0.18% – following strong mining share performance that led the UK's FTSE to a 0.62% gain. Outside of the US, shares in the Americas were mixed.


But in the US of A, stocks started off higher and stayed there all day (except for a brief downward blip in the NASDAQ). Rumors of progress in the US/China trade talks helped share prices, as they had earlier in Europe. News of consumer spending and a reading on the Chicago manufacturing index came in about as expected, which allowed the focus to stay on mostly positive earnings reports. Market breadth was solidly bullish, with 2,012 issues higher compared to 973 lower on the NYSE.


Fixed income assets were higher ... Log in or subscribe to continue reading.

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