Into the Abyss
Stocks started off on the soft side, as Hong Kong shares slipped a further 0.7% and European investors fretted about trade issues. The STOXX 600 dipped 0.05% and the Asia Dow lost 0.16%.
The DJ Transports zoomed again to new highs, the NASDAQ turned up on strong tech movers, and even the Industrials were up strongly by midday.
New sanctions on Iran added to other supply concerns, boosting crude oil prices nearly 3%. With a quiet US dollar, precious metals were mixed, but led by platinum on the upside. At the close, gold was up a buck, platinum up $5, but silver down a nickel. Copper was just a fraction lower, and XAU was unchanged.
Fixed income assets were also quiet, up slightly for the most part. The 10-year note’s yield stood at 2.981%.
Following stocks’ midday pop, they eased into the close. The Industrials were up 113 points or 0.44%; ... Log in or subscribe to continue reading.
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