After a selloff on the open, markets spent half the day in the red before recovering to close mostly unchanged. The moves came as data showed jobless claims remained near a four-decade low and oil topped $50/bbl.
Here in the U.S., the Industrials closed down 12 points while the Nasdaq lost 0.17% and the S&P gained 0.05%. Equity market around the world were mixed, with the Stoxx 600 losing 0.4% while most markets in Asia gained a similar amount. The Global Dow fell 0.3%.
Gold extended its losing streak, falling another $15/oz. while Silver lost 35 cents and platinum fell $10. Mining shares were also hit, with XAU falling nearly 3%.
Bond prices continued lower with the yield on the 10-year note rising to 1.74%. The dollar strengthened, with its index rising 0.6%.
Tomorrow we'll get a look at the monthly jobs report, which could influence the likelihood of an upcoming rate hike.
The Kim Kardashian Media
by Benjamin J. Butler
Seoul, South Korea
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