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Correction Update

Daily Recap

Stocks traded in a muted range today with no decisive moves one way or the other, except for oil companies, which slipped alongside a drop in crude. Financial companies were the top performers, as a result of better than expected earnings from some of the biggest banks, including BofA, today.

 

After spending most of the day wobbling around the unchanged mark, the Industrials finished the session with a 45 point or 0.18% gain. They were the only major index to finish in the green, however, as the Transports fell 1.05%, the Nasdaq dropped 0.26% and the S&P 500 slipped 0.10%. The VIX climbed 5.3% to 12.83, and breadth was bearish, with declining issues outpacing gainers by 2-1.

 

International markets were mixed with a slight bias to the downside. In Europe, the German DAX was the only index to close in the green, leaving the Stoxx 600 down a quarter percent and the Europe Dow down 0.13%. ... Log in or subscribe to continue reading.


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