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Daily Recap

Stocks were mostly higher ‘round the world with the general theme of lessened trade disputes.  The World Dow was up a strong 0.66%, the Asia Dow leading with a 0.88% gain.  The STOXX 600 lost 0.18%, but Europe’s Dow was higher.

In the US, a weakening Florence and stronger tech issues moved key indices upward.  A 180 reversal on oil supplies eased fuel price fears, as crude fell 2.36%.  Even the US dollar index dipping again (down 0.31%) didn’t help the precious metals, though.  Gold lost $5 and silver 7 cents, though platinum was up $2/oz.   Both copper and XAU were down modestly.

With fixed income markets down slightly, the big US action was in stocks.  The Dow Industrials rose 147 points or 0.57%, the S&P 500 0.53%, and the NASDAQ 0.75%.  The Dow Transports were down 0.43%, however, and the S&P Small Caps lost 0.06%.

 

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