Stock market action around the globe was mostly positive today, with nearly all international markets except India and Singapore in the green. Over in Europe, the Stoxx 600 rose 0.37% while the Europe Dow gained 0.45%. In Asia, China's Shanghai Composite was the strongest performer, up 0.86%. The Asia Dow climbed 0.69%.
Here in the States equity prices also rose, but it was gains in utility and other dividend-paying stocks that led the way higher as economic data came in below expectations. At the close, the Industrials were up 15 points with the Transports up a healthy 0.57%. The S&P 500 rose 0.03% while the Nasdaq headed the other direction, falling 0.29%.
Soft economic data driving the price action included a 1.1% drop in durable goods orders for May, with core capital goods declining 0.2%. The Chicago Fed national activity index also declined in May.
Action in the bond market was muted, though ... Log in or subscribe to continue reading.