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Drilling Down on Inflation

Daily Recap

Stocks moved marginally lower today in the first post-Christmas trading day. Financial companies and some tech firms (particularly Apple) led the way lower while Energy moved higher.

 

The day closed with the Industrials down 8 points and the Transports down 2. The Nasdaq fell 0.34% and the broader S&P 500 declined 0.11%. Market breadth was positive, however, with both advancing issues and shares outpacing decliners.

 

Europe also struggled as all major averages closed in the red. Spain's IBEX led the declines, falling 1.19% while the broader Stoxx 600 fell 0.10%. A mixed picture in Asia led to the Asia Dow falling 0.08%. The Global Dow rose 0.02%.

 

Fixed income prices rose as the 10-year note traded up 3/32 to yield 2.47%. The dollar index fell 0.11% to 93.26. Light crude managed to climb $1.50 per barrel, closing near the $60 mark at $59.97.

 

Precious metals also climbed as gold rose $9, silver gained 16 cents and platinum ... Log in or subscribe to continue reading.


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