Richard's Thoughts: Gold is Real Money
"The market bounced around after the latest jobs report" was about as good a way of describing today's action as any. If stocks were uncertain, then so was the jobs report, called "relatively strong" in one report, and "not a good report" a few paragraphs later. At any rate, US stocks were mixed coming into the close, with the Dow and S&P 500 down a bit, the NASDAQ up some.
Elsewhere, stocks finished lower in most major Asian and European markets; the STOXX 600 fell 0.4%. Europeans are fixed on Italy's weekend referendum to give the executive branch more power in the country's constitution. A failure to pass the referendum could lead to the Prime Minister's resignation, which in turn could negatively impact the euro. The US dollar was relatively quiet today, down 0.2%.
Crude oil had another good day, further follow through on Wednesday's favorable OPEC action. Oil gained 55 cents a barrel, ... Log in or subscribe to continue reading.
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