Friends
Stocks struggled today as the market averages spent the entire trading session in negative territory. Some, less than stellar, earnings reports set the tone before trading began, and the bulls seemed uninterested as the day wore on. After the nice run we’ve had in the past week, a little pause may just be refreshing.
By the close, the Dow Jones Industrial Average was down 54 points to finish the day at 15,413. The S&P 500 was down 8 points to close at 1746. Gold was down $9 to trade at $1332 per ounce, while oil continued to fall as WTI traded down $1.37 per barrel to trade at $96.93.
As mentioned, stocks have had a nice rally in recent sessions, and today’s action seemed to be nothing more than digesting some of the gains. We’ll see how the next couple of days go, but earnings seem to be front and center, and today’s reports were not very robust.
Have a nice evening everyone.
