May 2, 2017
Unit vehicle sales proved only slightly stronger in April than in March to offer an uncertain signal of strength for consumer spending which proved very soft in the first quarter. Stocks moved slightly higher with the Dow posting a 0.2 percent gain to 20,949. Money edged into the bond market where the 10-year yield fell several basis points to 2.29 percent. Oil fell more than $1 and is back under $48 at $47.65. Gold held steady near $1,260 while the dollar index slipped 0.2 percent to 98.98.