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Category Archives: Japan
Negative news from Asia got stocks off on the wrong foot on Monday to start the week.
The major U.S. averages were widely mixed but stock prices mostly higher on Tuesday after reopening following the Presidents’ Day holiday.
They didn’t come close to erasing Monday’s 2%-plus losses, but Tuesday’s gains in U.S. stocks were at least a welcome psychological boost.
U.S. stocks rebounded strongly from Monday’s losses, their worst day of the year, while bond prices fell for the first time in four days.
Global stocks ended the next to last day of 2013 narrowly mixed as traders and investors made last-minute tweaks to their positions and awaited the new year.
Stocks resumed trading on Thursday after the Christmas break and continued to move higher, while bond yields continued to rise.
Stocks closed higher on Tuesday in a Christmas Eve-shortened session on another batch of strong economic reports, which also raised bond yields toward their highest rates of the year.
The gains weren’t as robust, but stock prices were higher on Monday to open the week, continuing Friday’s rally.
A tentative agreement that would ease economic sanctions against Iran in exchange for limits on its nuclear program helped raise stock prices around the world on Monday, although U.S. stocks lost their momentum late in the session.
Stock prices rebounded on Thursday, rising for the first time this week and sending the Dow Jones Industrial Average to its first close above 16000.