Stocks were lower early in the New York session but rallied late to end higher.“It’s a Friday before a long weekend, so market movements can be somewhat exaggerated,” said Peter Cardillo, chief market economist at Spartan Capital Securities in New York.“We’re going to see more green days in the second half than we’ll see red,” Cardillo said.
MSCI’s world stocks index, which on Thursday notched its biggest percentage decline for the first half of the year since its 1990 creation, rose 0.4%. The pan-European STOXX 600 index lost 0.02% and MSCI’s gauge of stocks across the globe gained 0.39%. The yield on 10-year notes tumbled 23.3 basis points from the open to the session’s lowest point, before paring the decline, to end down 8.5 basis points at 2.889%.
ɪ'ᴍ ɴᴏ ᴇxᴘᴇʀᴛ ɪɴ ᴛʀᴀᴅɪɴɢ ʙᴜᴛ ɪ ʜᴀᴅ ɢᴏᴏᴅ ɢᴜɪᴅᴀɴᴄᴇ ᴡɪᴛʜ mamats38 ᴀɴᴅ ʜer ᴛᴇᴀᴍ, ɪᴛ'ꜱ ʙᴇʏᴏɴᴅ ᴇʏᴇ ᴏᴘᴇɴɪɴɢ, ᴡɪᴛʜ ᴛʜᴇꜱᴇ ᴛᴇᴀᴄʜɪɴɢꜱ ᴀɴᴅ ᴛʀᴀᴅɪɴɢ ꜱᴋɪʟʟ, I'ᴠᴇ ʜᴀᴅ ɴᴏᴛʜɪɴɢ ʙᴜᴛ ᴄᴏɴᴛɪɴᴜᴇᴅ ꜱᴜᴄᴄᴇꜱꜱ.