What Economic Sanctions?
Generally quiet stock trading in the US was taken even further worldwide, as measured by a 0.00% change in the Global Dow. Asian shares were mostly higher, though, with the Asia Dow gaining 0.32%, aided by a 0.68% rise in Korea's KOSPI index. European exchanges fared less well, though the STOXX 600 did manage a 0.03% gain. Given those facts, how could the Global Dow not be higher?
Ah, yes - the US. Stocks were gently lower most of the day, and then dribbled down a bit more by the close. The Dow Industrials finished 32 points or 0.14% lower. The S&P 500 and NASDAQ performed similarly, down 0.17% and 0.18%, respectively. Interestingly, there were more advancing issues on the NYSE than declining issues - 1,540 to 1,384.
Higher bond prices (with their lower yields) didn't seem to hurt the US dollar, which rose 0.17% to 93.08. The 10-year T-note yield fell ... Log in or subscribe to continue reading.
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