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LEIs and Price Action Agree

Daily Recap

After last Friday's big gains, stocks in the U.S. were hesitant to move higher, but that was not the case with overseas markets. Asian markets got us off to a great start with spectacular gains across most averages. The top performer was the Hang Seng Index, up 1.94%, followed by India's Sensex and Japan's Nikkei, up 1.83% and 1.65%, respectively. The Asia Dow climbed a whopping 1.48%.

 

Europe was also unanimously in the green, as the Stoxx 600 rose 0.25% and the Europe Dow climbed 0.38%. The Global Dow Index rose 0.33%.

 

Markets in the U.S. were split, however, with losses focused on industrial companies and gains centered around tech. The Industrials fluctuated between gains and losses before closing down 157 points at 25,178. The Transports fell 0.31%, while the S&P declined a more modest 0.13%. The Nasdaq, however, was able to post a 0.36% gain, closing at a new record high.

 

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