November 13, 2017
Equities barely moved Monday as investors waited for news regarding corporate tax cut proposals and the slew of new economic information that will be released later in the week. The Dow, S&P and Nasdaq advanced 0.1 percent each. The Dow was weighed down after GE cut its dividend in half. The US dollar was mixed. It was up against the pound sterling and the Canadian and Australian dollars. It was unchanged against the euro, yen and Swiss franc. The two year note was up 3 basis points to 1.68 percent while the 10 year note remained at 2.40 percent. The 30 year bond was down 1 basis point to 2.87 percent. West Texas intermediate crude was virtually unchanged at under $57.00.