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Global Growth Cues Abound

Daily Recap

It was yet another day of higher stock prices. After posting their fifth consecutive week of gains on Friday, the S&P 500 and Dow Jones Industrials managed to once again crawl higher, working their way deeper into uncharted territory. Today's action was led by the financials, which have been rising lately on the back of good earnings and a generally "reflationary" outlook for the global economy.


At the close, the Industrials had added another 85 points, leaving the index just 42 points away from the 23K mark. The Transports diverged, losing 0.80%, while the Nasdaq rose 0.28% and the S&P 500 climbed 0.18%.


Overseas markets were mixed but generally had a positive undertone. In Europe, Spain's IBEX and the UK's FTSE declined, leaving the Stoxx 600 down 0.01% on the day. In Asia, higher prices prevailed everywhere except China, causing the Asia Dow to rise a hefty 0.81%.


Bonds prices were generally higher around the ... Log in or subscribe to continue reading.

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