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Who Says We’re Doing Better? Not I...

Daily Recap

Foreign investors didn't like the US stock market's ugly close yesterday, and were mostly lower today. The Asia Dow dropped 0.69%, and this despite a 2%+ gain on the Shanghai exchange. Things were more muted in Europe, where the STOXX 600 declined by only 0.20%. In the Americas, major exchanges were moderately higher.

US shares started off higher, and were content to keep things going in that direction. The Dow Industrials had a 300 point range, trading between 24,854 and 25,156; coming into closing time, it was up 164 points or 0.66%. The S&P 500 and NASDAQ weren't as positive, up 0.11% and DOWN 0.10%, respectively. Advancing issues beat declining issues on the NYSE, by a mere 1,570 to 1,430.

There were also reversals from yesterday's action in interest rates, the dollar, and precious metals. Governments were mixed around the world, but finished stronger in the US. Yields on the 10-year T-note ... Log in or subscribe to continue reading.


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