Stocks are trying to figure out what to do now that the tax package has passed, and right now the path of least resistance still appears to be up. Generally upbeat economic data helped, leading to gains across most major averages.
Here in the U.S., the Industrials rose over a hundred points before falling back later in the session to close up 56 points at 24,782. The Transports closed about even, though they're the big winner for the week, up 2.92%. The Nasdaq rose 0.06% while the S&P 500 climbed 0.20%, and believe it or not, the volatility index still remains below 10.
Europe also had a banner day as all averages there were up substantially. The UK's FTSE led the way, up 1.05%, while the Stoxx 600 rose 0.60%. Action over in Asia was more mixed, with markets about evenly split. The Asia Dow ended the day up 0.04% and the ... Log in or subscribe to continue reading.