February 26, 2018
Stocks rallied strongly picking up steam through the session with the Dow ending 1.6 percent higher at 25,709. The day's economic news is mixed, led by a mostly soft new home sales report where, however, badly needed supply moved into the market. The 10-year Treasury yield, at 2.87 percent, moved higher retracing some of last week's dip. The dollar edged lower on the session while oil, near $64, edged higher. Gold held steady near $1,335.