Stocks Edge Higher; Treasuries Rise, Dollar Drops: Markets Wrap
- Dollar turns lower; Japanese yen, pound advance; gold higher
- Germany dodges recession as numbers in China, Japan disappoint
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U.S. stock indexes were mixed and bonds advanced as the risk rally stalled below all-time highs amid mixed economic data and mounting concern over a partial trade deal. The yen gained along with gold.
The S&P 500 eked out its third gain in a row, but continued to trade under records reached over the last week sparked by hopes the U.S. and China would soon hammer out an agreement. That hasn’t happened, and there’s been an abundance of signs that negotiations are stumbling. Both the Nasdaq Composite and the Dow Jones Industrial Average ended the day barely changed.