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Where's the Economic Growth?

Daily Recap

Major averages rose once again in what was a relatively quiet day of trading. The materials sector was the top performer, due to strong gains in a handful of chemical and mining companies. This as investors attempted to gauge the implications of the latest GOP tax proposal.

 

The Dow Industrials ended a four day losing streak by rising 40 points to 22,381. The Transports followed suit, up 0.46%, while the Nasdaq was flat and the S&P 500 gained 0.12%.

 

In overseas markets the Stoxx 600 also put in a strong performance, rising 0.19%, while the Europe Dow climbed 0.31%. Asia wasn't as strong, as the Asia Dow fell 0.50%. But the Global Dow Index still managed to lock in a 0.23% gain.

 

U.S. bonds were mixed, as the 10-year rose slightly and the 30-year bond fell. The 10-year T note currently yields 2.31%. The dollar index gave back some of its gains, falling 0.36% to 93.11.

 

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