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Old School

Daily Recap

US stocks continued their generally higher trend today, with new highs coming from the NASDAQ and strength in the Dow Industrials being aided by strong earnings from Google and elsewhere.  Overseas, news that China will be acting to boost economic growth helped the Asia Dow gain 0.6%, and strong mining shares in London helped the STOXX 600 add 0.86%. 


Precious metals opened strong in the US, led by platinum, up $13.  Gold rose $3 and silver was 10 cents higher before a midday sell off.  By the close, gold and platinum were both up only a buck, though silver finished 12 cents higer.  Higher crude oil, up 1%, and copper, up a big 2.6%, were all part of the greater growth scenario dominating the day.


After a big jump in interest rates yesterday, fixed income markets took a breather today.  The 10-year note's yield was down slightly at 2.951%, while other ... Log in or subscribe to continue reading.

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