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A Treat for Savers?

Daily Recap

Despite some upbeat economic data, stocks were little changed on the day. The Industrials closed down 18 points while the Nasdaq and S&P 500 were down 0.02% and 0.01% respectively.

 

For the month, most major averages fell between 0.5% - 2%. The Utilities were the only major index posting a monthly gain, up some 2.4%

 

Stocks around the world didn't do much better. In Europe the Stoxx 600 fell half a percent, while China's Shanghai Composite and Japan's Nikkei were both down 0.12%

 

Personal income data released today showed a 0.3% uptick in September. Consumer Spending also rose, up half a percent. And core inflation edged higher, rising 0.1% during September.

 

Bonds were able to gain some ground, with the yield on the 10-year Treasury falling to 1.83%. The dollar was flat on the day.

 

In precious metals markets, gold fell $4, silver traded flat, and platinum declined $3. Bucking the trend, the miners rallied, ending the day ... Log in or subscribe to continue reading.


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