Haven assets make headway
American stocks squeezed out a gain from defensive stocks, despite Apple’s retreat. The dollar extended losses after a report showed, pointing that Donald Trump favors Jerome Powell for next Fed chairman.
Here’s what caught our eye among stocks:
S&P 500 gained less than 0.1% at the close in New York.
United Continental Holdings Inc. plummeted the most in eight years after the airline’s profit outlook investors took investors aback.
EBay Inc. dropped the most in two months after giving an unconvincing profit forecast for the holiday quarter.
Stoxx Europe 600 Index fell 0.6%.
MSCI Asia Pacific Index slipped 0.2%.
Currencies had a wild session:
The dollar retreated 0.2%.
The euro added 0.4% to $1.1833, the strongest in more than a week.
The pound dropped 0.4% to $1.3156.
The yen added 0.3% to 112.56 per dollar.
Haven commodities advanced:
WTI crude dropped 1.3% to $51.36 a barrel.
Gold rallied 0.4% to $1,286.32 an ounce.
Copper fell 0.3% to $3.1675 a pound.