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Technical Damage

Daily Recap

Today was a meanderful day, at least in terms of US stock prices.  With no significant economic news, traders focused on a renewal of tensions in Korea, and weighing pronouncements of the market slipping into a correction or no - it's not! as Morgan Stanley insisted.  Oh yeah - lingering doubts about the fate of the Trump administration (and Gary Cohn) were in the back of many minds.

Asian markets were thoroughly mixed, with Chinese shares mostly higher, Indian and Japanese shares mostly lower; the Asia Dow gained 0.33%. Red was the color of the day in Europe, as every major exchange lost ground and the STOXX 600 fell 0.40%.  Germany led on the downside, the DAX falling 0.82%.  American markets were slightly higher or slightly lower, following the day's indecisive theme.

US stocks opened lower, and just sort of moseyed around most of the day.  Towards the end of the day, ... Log in or subscribe to continue reading.


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