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What’s Going On with Oil?

Daily Recap

The greening of world stock exchanges continued today, with barely a red number to be found anywhere. In the US, the Dow Industrials and S&P 500 were both bumping up against new all-time highs, up moderately on the day. The NASDAQ tied with the S&P 500 in terms of percentage increase, both up 0.22%. Fed Chair Yellen spoke in front of Congress again, her comments reassuring traders, and retailers provided a positive backdrop with better sales numbers from Target.


Asian exchanges fared even better – green across the board, led by Hong Kong, up 1.16%. The Asia Dow was up 0.80%. European markets were mostly higher, as the STOXX 600 gained 0.32%. In the Western Hemisphere, the Toronto exchange was about unchanged, while Mexico, Chile, and Brazil all saw higher closings.  


Fixed-income markets sold off, as the yield on the US 10-year note bumped up to 2.344%. The impact on the dollar ... Log in or subscribe to continue reading.

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