On The Road Again
Stock prices were more quietly mixed today, with the Asia Dow up 0.15% and the STOXX 600 down 0.59%. The US focus is on trade issues, but also weakness in key tech stocks. Apple and several other heavies fell more today than they have for months, dragging the NASDAQ and S&P 500 lower.
Bonds rallied in the afternoon, taking the 10-year’s yield down to 2.883% and the 30-year to 3.058%. The dollar dipped with the lower rate, down 0.013% to 95.06.
Precious metals appreciated that, and mostly added a bit more to the upside. Gold rose $3/oz., and platinum gained $7, though silver was down a penny. XAU slipped again, to 62.91. Elsewhere, copper was up fractionally and crude oil slid 1.2% to $67.91/bbl.
The Industrials finished up 22 points or 0.09%. The S&P 500 was down 0.37% and the NASDAQ gave up another 0.91%. Advancing issues topped decliners, by 1,535 to 1,238.
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