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Daily Recap

With the US market closed tomorrow, traders used today to settle up in the form of a nice stock rally.  Foreign markets mostly canceled each other out, with the Asia Dow down 0.44% and the STOXX 600 up 0.44%. US shares opened higher, and traded up from there, trade war fears seemingly fading in the rear-view mirror.

That trend peaked about an hour before the close, with the Dow up more than 400 points. Profit taking took it down to close at 24,103, up 255 points or 1.07%. For once, the three big indexes were in line; the S&P gained 1.4% and the NASDAQ rose 1.64%. Boeing was the big winner, with oil service and semiconductors among the top performers; biotech and pharma stocks brought up the rear. But all major sectors were higher, so the NYSE winners clobbered the losers by 2,333 to 646.

Fixed income markets kept their rally going. The yield ... Log in or subscribe to continue reading.


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