For those following the Super Bowl indicator, a down year for the stock market is now expected thanks to the Patriots' comeback win last night. While it boasts an 80% success rate, we'd suggest paying no attention to this at all, even if the Dow did fall 2.2% in 2015 when the Patriots last won.
But regardless, the major averages started the week in the red, as many investors shifted away from risk. The Industrials lost 19 points while the Transports fell 10. The Nasdaq and S&P were down 0.06% and 0.21% respectively.
Overseas markets were mixed, with Europe mostly in the red and Asia mostly in the green. The Europe Dow fell 1.37% while the Asia Dow rose 0.71%.
Money moved into fixed income, lifting bond prices and pushing the 10-year Treasury yield down to 2.42%. The dollar also lost a little ground, falling 0.02% for the day.
Precious metals were also winners today, with ... Log in or subscribe to continue reading.