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Richard’s Thoughts on What Works

Daily Recap

Down, up, down, up – so went the direction of trading in stocks on the last day of this week. The Asia Dow fell 0.59%, for once reflecting the fact that all major Asian markets were lower. Europe headed the other way, led by good gains in both Germany and the UK; the STOXX 600 rose 0.63%. Latin American exchanges were quiet, while the Canadian TSX rose in sympathy with big gains in its southern neighbor (us, or US – depending on your perspective). Just to be contrary, it seems, the US responded to Europe's gains by opening lower. But stocks soon turned positive, inspired by news that Warren Buffet's Berkshire Hathaway bought another 75 million shares of the inimitable Apple company.

Stocks held onto most of their gains, leaving the Dow Industrials with a 332 point or 1.4% gain. The S&P 500 gained 1.3%, the NASDAQ added 1.71%, and even ... Log in or subscribe to continue reading.

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