Friends
Stocks slumped in today’s trading as market participants and the business news channels spent the day obsessing over tonight’s presidential debate. Typically, markets don’t like the unexpected. I think it’s safe to say the political climate that we find ourselves in could provide us plenty of “unexpected” as we go forward.
Stocks opened on the weak side and added to their losses as the trading session wore on. By the close, the Dow Jones Industrial Average was down 166 points to finish the day at 18,094. The S&P 500 was down 18 points to close at 2,146. Gold was down $1 to trade at $1,340 per ounce, while oil was up $1.18 to trade at $45.66 per barrel WTI.
There’s really nothing more to say today. Let’s just watch the debate tonight to see what we will be dealing with tomorrow. Buckle up.
Have a nice evening everyone.
