Friends
Stocks were all over the map today as wrangling over the health care bill among Republicans continues. When it looked like the vote would happen and that the White House might have had some success persuading the Freedom Caucus to get on board, stocks were nicely in positive territory. But as the afternoon wore on, and it was reported that the vote had been delayed, stocks sold off and edged into negative territory. Politics is very much overshadowing everything at this moment.
As for today, by the close the Dow Jones Industrial Average was down 4 points to finish the day at 20,656. The S&P 500 was down 2 points to close at 2,345. Gold was down $2 to trade at $1,247 per ounce, while oil was down $.30 to trade at $47.74 per barrel WTI.
The word is that the vote on the healthcare bill might be tomorrow morning, but obviously it is a fluid situation at the moment. Remember, the feeling is that market participants want to get past healthcare and move to tax reform and stimulus. We’ll monitor it all for you and let you know what develops tomorrow.
Have a nice evening everyone.
