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Year-End Lightning Round

Daily Recap

Following the US stock market's strong first day of trading in 2018, foreign share prices rallied today, but lacked the conviction of American price increases.The Asia Dow gained 0.21% and the STOXX 600 fared a bit better – up 0.48%, with all major European bourses finishing higher, aided by a modest rally in the dollar.

 

In the US, stocks continued to climb, led by energy and tech issues. Crude oil traded at its highest in 30 months, which further supported energy companies' prices. All major stock indices moved into new all-time high territory, once again excepting the DJ Utilities. Good news on manufacturing and construction starts helped the bulls' case. The closing bell saw the Industrials up 98 points, the S&P 500 up a big 17 points, and the NASDAQ up an even bigger 59 points. The newly-inspired Dow Transportation Average rose 11, also to new highs. Advancing issues beat decliners ... Log in or subscribe to continue reading.


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