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The Eve of a New World

Daily Recap

Financials, which have led the postelection surge in equities, retreated today, leaving most major averages lower on the day. The declines come ahead of earnings reports from the largest banks, which begin tomorrow.


The Industrials, which were much lower at one point during today's trading, ended down 63 points. The Transports followed suit, down 0.46%. The Nasdaq and S&P 500 declined 0.3% and 0.2%, respectively.


Equity markets in Europe also trended lower, with the Stoxx 600 down 0.65%. In Asia we had a mixture of red and green markets with both China's Shanghai Composite and Japan's Nikkei losers on the day.


The dollar continued to retreat, down another 0.38% to 101.36. Treasuries all moved higher with the exception of the long 30-year bond, which was down slightly. The yield on the 10-year Treasury sits at 2.36%.


In precious metals markets gold continued its move higher, rising $3 to close just under the 1200 mark. Silver was flat while ... Log in or subscribe to continue reading.

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