Remembering a Time Long Ago
Stock prices favored the downside today, though a volatile trading session in the US made closing values a mystery up until the final minutes. World markets mostly focused on two US-driven concerns: the prospect of inflation-led higher rates by the Fed, and the chances of a full-blown trade war. Losses of greater than 1% in Hong Kong and Singapore led the Asia Dow to a 0.41% decline; in Europe, declines between half a percent and one percent across the board resulted in a 0.73% fall in the STOXX 600.
In the US, a decline of nearly 400 Dow points in the morning gave way to a rally that took the Industrials into positive territory in the afternoon. Both the S&P 500 and the NASDAQ lagged, staying negative for almost the entire day. After all that, the Industrials closed with a negligible gain of 0.02%, compared to a 0.23% loss for the ... Log in or subscribe to continue reading.
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