Richard's Thoughts: The Investment Line & PTI are Looking Good
Stocks tended towards the quiet side today. In Asia, the Hang Seng gained 0.53% and the NIKKEI fell 0.63%, while other exchanges were essentially unchanged. Nevertheless, the Asia Dow rose 0.68% – and no, I haven't figured out how to make sense of that yet! European markets were mixed, and the STOXX 600 gained 0.15%. All three major Latin American indexes, plus Canada, finished on the downside.
In the US, concern over Irma's impact on hospitality companies sent their shares lower, while material companies such as Home Depot benefited. At the close, the Dow Industrials were up slightly, while the S&P 500 finished down 0.15% and the NASDAQ took a somewhat bigger fall – down 0.59%.
Both bonds and the US dollar sold off. Yields on the 10-year note rose above 2.05% again, as the note lost 6/32. The dollar index lost 0.17%, to 91.31, its lowest price in 30 months.
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