A day of general calm and optimism ushered markets into the weekend and the end of 2018's second quarter. Stock prices were moderately stronger across the globe; the Asia Dow gained 1.09%, with the Shanghai exchange the region's strongest. In Europe, the UK is still troubled by its Brexit decision, and lagged Continental markets, but still the STOXX 600 added 0.8%. Share prices in Latin America and Canada also advanced.
In the US, Nike sales gains in N. America prompted a 12% rise in the stock. Along with strong bank stocks after announcing possible capital returns to shareholders, major indices traded higher all day long. Higher crude helped as well, as oil rose another 1% to $74.31/bbl. and lifted energy company shares. And then things changed.
US stock prices faded in the last 30 minutes, with the Dow closing at the lows of the day, though still up 56 points or 0.23%. ... Log in or subscribe to continue reading.
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