Friends
Well after yesterday’s move, trading was back to the 2014 norm, as volume was light, volatility was virtually non-existent and stocks drifted aimlessly throughout the session. This morning’s ADP private sector employment number was much better than expected, which hopefully bodes well for tomorrows government Non-Farm Payroll number. Factory orders came in a little light, but if you exclude defense spending, it wasn’t too bad.
As for stocks, by the close, the Dow Jones Industrial Average was up 20 points to finish the day at 16,976. The S&P 500 was up 1 point to close at 1974. Gold was up $2 to trade at $1328 per ounce, while oil was down $1.20 to trade at $104.14 per barrel WTI.
Tomorrow is a shortened trading session ending at noon our time, but we will get the jobs number so it could be active for the first hour or so of trading. We will be closing the office at 12:30 to get an early start on the holiday weekend. Of course, Friday is the 4th and the markets will be closed. We’ll let you know what the jobs number looks like tomorrow.
Have a nice evening everyone.
