Seeking Alpha

Market wrap: Precious metals fly; major averages near unchanged

  • Precious metals are the story of the day as equity markets close about flat, but gold jumps 3.6% and silver 5% as the President orders 300 special advisers into an Iraq descending into civil war.
  • BlackBerry advanced nearly 10% after FQ1 results beat expectations and management predicts break-even cash flow this fiscal year. Financial-data provider Markit jumped 11.25% after its $24 per share IPO.
  • The 10-year Treasury yield gained four basis points to 2.63%.
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