Stocks were mixed in world and US trading today. Remnant fears of accelerating trade wars still cast a shadow over markets, as did political uncertainties in the UK over post-Brexit policies. But in the US, strong economic data has outweighed the negatives, lending an upward bias that saw some divergence today. More good news on the employment front – a historic decline in the job "quitting" rate, as people voluntarily leave one job in anticipation of getting a better one – boosted blue chip prices. The Dow has been strong all day, the NASDAQ on the weak side, with the S&P 500 in the middle.
Asian markets were mostly higher, more so than the Asia Dow's 0.06% rise implied. In Europe, the STOXX 600 was up a stronger 0.43%, held back from greater gains by the FTSE's mere 0.05% rise. Higher energy prices and optimism about upcoming earnings ... Log in or subscribe to continue reading.