November 8, 2017
Stocks traded in a narrow range around the unchanged mark. Once again there was a lack of new economic data to stimulate investors while earnings reports were mixed. Household products companies were higher while banks were pressured thanks to a recent decline in interest rates. The Dow added 6.13 points while the S&P gained 0.1 percent and the Nasdaq was 0.3 percent higher. Bond prices were little changed. Both the 2 year note yield and 10 year note yield added 2 basis points to 1.65 percent and 2.79 percent respectively. The US dollar was down against most of its major counterparts with the exception of the pound sterling. West Texas crude slipped but remained above the $56.50 mark.