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Investing vs. Speculating

Daily Recap

The big story of the day was oil, which surged higher after additional non-OPEC oil-producing nations agreed to slash production as well. Light crude traded above $54 a barrel before slipping back to close at $52.83, a gain of 2.6%.


Stocks were mixed, both here in the U.S. and around the world. In Europe the STOXX 600 fell 0.46%, with Italy and Spain the only two winners. In Asia most markets were down with the exception of the Nikkei, up 0.8%. China's Shanghai Composite fell 2.5%


Here at home most major averages were in the red, with the exception of the Industrials (up 39 points) and the Utilities, up 1%. The Nasdaq shed 0.6% and the broader S&P fell 0.1%.


Interest rates moved higher today with the 10-year note rising above 2.5% during today's trading. It settled just under that mark. The dollar gave back some recent gains, falling 0.62%.


Precious metals shows small signs ... Log in or subscribe to continue reading.

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