Friends
As we delve into earnings week (and this week we will see multiple banks reporting) stocks continue to climb. Not that there was much to talk about today, as the bond market was closed for Columbus Day. Nevertheless share prices ended higher and kept the bulls streak alive.
For the day, the Dow Jones Industrial Average was up 47 points to close at 17,131. The S&P 500 was up 2 points to finish the day at 2017. Gold was up $4 to trade at $1160 per ounce, while oil was down $2.28 to trade at $47.35 per barrel WTI. OPEC indicated today that they would not cut back on production which took the recent wind out of oils sails.
We should see a little more action as the week rolls on. On the economic front we’ll get retail sales numbers on Wednesday as well as the PPI number. On Thursday we’ll get the CPI number and weekly jobless claims. Friday we’ll get the JOLTS number, consumer sentiment and industrial production. But front and center will be corporate earnings. Stay tuned.
Have a nice evening everyone. Looks like we’ll have an Astros win to celebrate (hope I didn’t jinx it).
