Global markets got off to a rough start today with just a few select markets in the green. Overseas, the Stoxx 600 declined three-quarters of a percent, with much of Asia down a similar amount.
In the U.S., the mood was also somber, but some upbeat earnings reports helped buffer the declines. The Industrials ended the day down 52 points with the Nasdaq and S&P 500 down 0.27% and 0.3% respectively. The only major average in the green was the Utilities, up half a percent.
Treasury prices rose with the yield on the 10-year Treasury falling to 1.76%, just off it's recent short-term highs. The dollar also gave back some of its recent gains, falling 0.16%.
In precious metals markets gold gained a buck, silver gained 3 cents, and platinum fell $3. Miners, using XAU as a proxy, rose 1.5%.
Rate Hike Considerations
By Matthew Kerkhoff
Looking at Fed Fund futures prices, it’s evident that the ... Log in or subscribe to continue reading.