Thank You, Dollar
It was a day of rest for stocks markets, as the Global Dow Index lost 0.31%. In the U.S., good news on unemployment -- the lowest level of new jobless claims in 43 years -- added to pressure on defensive issues, or stocks that perform relatively well during recessionary times. This, in turn, helped send the Dow Industrials down 100 points for most of the day, with the NASDAQ down quite a bit less, percentage wise.
Precious metals started the day very strongly, regaining lost ground from yesterday. Silver rose to its highest price in nearly a year before pulling back. Coming into the last hour of trading, it remained higher on the day, along with the rest of the complex. Crude oil sold off somewhat, after it's big increases earlier in the week.
The ECB indicated that European interest rates would remain about unchanged. U.S. Treasury rates rose slightly, as did ... Log in or subscribe to continue reading.
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