However, any measure of the broad market was flat.
NYSE Composite Index: +0.07%
Nasdaq Composite Index: 0.11%
S&P 500 Index: +0.09%
Whenever the "market" shows a major divergence like this between the Dow and the broad market - it is flashing a warning sign that all is not well.
On the plus side - the Ozzie Dollar was up 0.35% and almost hit parity with the US$ - 99.95. A rising Ozzie Dollar is good for the Australian stock market as it improves liquidity in the nation's money supply, i.e., there's more money sloshing around so some of it will find its way into the stock market.
On the negative side, although the S&P500 was only up marginally, it was the sixth day in a row up. Odds are increasing that it will settle back for a day or two.
Tea Leaf reading is a dangerous sport. Undertake such activities at your own risk.
Good luck
Red
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