The big news in equity markets has been the Dow Jones move up to 22000 for the first time ever boosted by Apple’s better than expected sales report. Amid a soft US Dollar environment the Euro briefly traded above 1.19 and UST yields are little changed. Meanwhile commodities have had a mixed day, although oil staged a small recovery on better than expected US inventory and demand data. All that said, with most traders away on vacation yesterday’s trading session could best be described as a typical holiday thinned market day. Apple shares rose 4.7% to 157.14 after posting a 7% increase in revenue in the most recent quarter and forecast a better than expected performance in the three months to September. The rise in Apple shares represented a jump of 50 points in the Dow, helping the Index close above 22000 for the first time ever. Mixed performance on other tech shares weighed on the NASDAQ (0.0%) and after trading for the most part in negative territory, the S&P closed at 0.05%.