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What’s Driving This Rally?

Daily Recap

U.S. stocks started out the 2nd quarter with a whimper. After being down well over a hundred points in early trading, the Industrials climbed back in the afternoon to finish down just 13 points. A similar narrative occurred in the Nasdaq and S&P 500, with those indexes closing down 0.29% and 0.16%, respectively.


Overseas markets were split, with all of Europe in the red (the STOXX 600 down 0.49%) and all of Asia in the green (Asia Dow rose 0.4%). The biggest gainer was India's Sensex, up nearly a percent.


Fixed income markets did well as Treasury prices continued to rise. The 10-year note is currently yielding 2.34%. The dollar also rose, its index up 0.17% for the day at 100.39.


Action in the precious metals was mixed with gold up $3, silver down 4 cents and platinum up $6. Miners were the winners on the day with XAU up a healthy 1.83%.


As for oil, WTIC finished the day ... Log in or subscribe to continue reading.

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