Friends
Well, there was a little volatility today, but if you just looked at the closing numbers you wouldn’t know it. Stocks spent some time in positive territory early and then by the afternoon we had a little bit of a selloff underway. But that selloff stopped abruptly, and the market averages worked their way back into the green by the close. Oil continued to slide but did recover some off its lows this afternoon too.
By the close, the Dow Jones Industrial Average was up 2 points to finish the day at 20,858. The S&P 500 was up 1 point to close at 2,364. Gold was down $8 to trade at $1,201 per ounce, while oil was down $.60 to trade at $49.68 per barrel WTI. Nat Gas was up $.072 to finish trading at $2.973.
Let’s get buckled in for tomorrow’s jobs number. The consensus estimate is for 200,000 new jobs to have been created in February, but remember yesterday’s ADP private payroll number was much better than predicted, so expectations are high. We’ll let you know how the number comes in and how the trading week finishes up tomorrow.
Have a nice evening everyone.
