February 7, 2018
At 24,893 and a fractional loss, it was another day of turbulence for the Dow and the stock market which were up and down all session. With tomorrow the latest deadline, the Senate agreed to a spending deal that would keep the government open pending approval however by the the House and administration.
Demand for bonds improved with buyers bidding down the 10-year Treasury yield by 4 basis points to 2.80 percent. The dollar rose sharply, up 0.7 percent on the dollar index to 90.31 to bring the week's gain to 1.3 percent. A rise in weekly inventories tripped a very sharp $2 drop in oil which is near $61.50. Gold edged lower to $1,320.