Friends
With the banks being closed today (and thus the bond market), the stock market was somewhat quiet other than the bloodbath in retail shares (led by a difficult earnings report from Macy’s). Analysts seem to think that the consumer is strapped. I think it’s just that they don’t want to spend any money right now-at least at the stores. Either way it has been a tough time in the retail sector.
As for the markets, by the close the Dow Jones Industrial Average was down 55 points to finish the day at 17,702. The S&P 500 was down 6 points to close at 2075. Gold was down $4 to trade at $1084 per ounce, while oil was down $1.14 to trade at $43.07 per barrel WTI.
That’s enough for today, instead let’s just take a moment to thank the Veterans who have served this country past and present. Today is their day, and there aren’t good enough words to express our appreciation to all of those wonderful men and women. We’ll just say thank you.
Have a nice evening everyone.
