2019 Econoday Investor's Journal Buy Now
Market Reflections  

Highlights
February 6, 2018
Stocks gyrated in mostly positive ground and then gained traction in late trade to end near their highs, up a strong 2.3 percent to 24,912 for the Dow which cuts yesterday's plunge in half and lifts its year-to-date gain to a moderate but respectable 0.8 percent. Demand for the security of Treasuries, which surged yesterday, fell back with the 10-year yield rising a sizable 9 basis points to 2.80 percent.

The day's economic news is headed by a widening trade gap, one that will pull down GDP, and what is probably welcome slowing in job openings for a labor market that is near capacity. The dollar held steady while oil and gold, at $63.50 and $1,325 respectively, both eased slightly.