Friends
Stocks spent most of the day firmly in positive territory, but the bulls were barely able to hold onto gains by the close of trading. The news that the White House is struggling with their tax reform plan, and Sean Spicer’s comment that tax reform may not be doable until next year seemed to dampen the mood a bit. The unstable geopolitical landscape also continues to weigh on the psyche of market participants.
By the close, the Dow Jones Industrial Average was up 1 point to finish the day at 20,658. The S&P 500 was up 1 point to close at 2,357. Gold was down $1 to trade at $1,255 per ounce, while oil was up $.81 to trade at $53.05 per barrel WTI.
Being the week of Passover and Easter, it figures to be somewhat quiet on the trading front. It is a quiet week on the economic front, though we do get the PPI number on Thursday, and even though markets are close for Good Friday, we get the CPI and retail sales on Friday. Be sure to look for the 2nd quarter outlook that will be in your inbox this week and, of course, the hard copy with your quarterly summary statement.
Have a nice evening everyone.
