U.S. equities finished mixed and near the unchanged mark, as a rise in financials, despite a decline in Treasury yields, were offset by continued volatility in technology issues that hamstrung the Nasdaq. Crude oil prices moved higher and gold was lower, while the U.S. dollar was unchanged. On the economic front, durable goods orders missed forecasts, while some regional manufacturing activity remained in expansion territory.
The Dow Jones Industrial Average (DJIA) rose 15 points (0.1%) to 21,410, the S&P 500 Index was nearly a point higher to 2,439, while the Nasdaq Composite lost 18 points (0.3%) to 6,247. In moderate volume, 795 million shares were traded on the NYSE and 2.1 billion shares changed hands on the Nasdaq. WTI crude oil gained $0.37 to $43.38 per barrel and wholesale gasoline was $0.01 higher at $1.43 per gallon. Elsewhere, the Bloomberg gold spot price decreased $12.77 to $1,243.94 per ounce, and the Dollar Index—a comparison of the U.S. dollar to six major world currencies—was flat at 97.43.Schwab Center for Financial Research – Market Analysis Group
©2017 Charles Schwab & Co., Inc., Member SIPC. All rights reserved.
Schwab Center for Financial Research (“SCFR”) is a division of Charles Schwab & Co., Inc. The information contained herein is obtained from third-party sources and believed to be reliable, but its accuracy or completeness is not guaranteed. This report is for informational purposes only and is not a solicitation, or a recommendation that any particular investor should purchase or sell any particular security. The investment information mentioned here may not be suitable for everyone. Each investor needs to review an investment strategy for his or her own particular situation before making any investment decision. All expressions of opinions are subject to change without notice in reaction to shifting market conditions.