Friends
Perhaps feeling the stress of geopolitical headlines or simply that there were more sellers than buyers, stocks began the trading day in negative territory only to see the Dow slip eventually into a triple digit slide. But as the trading session wore on, the dip buyers appeared and share prices recovered, erasing much of the earlier in the day losses. As we mentioned yesterday, it is a holiday shortened week (no trading on Good Friday) and there is not a lot of economic data scheduled to be released.
As for today, by the close the Dow Jones Industrial Average was down 6 points to finish the day at 20,651. The S&P 500 was down 3 points to close at 2,353. Gold was up $20 to trade at $1,274 per ounce while oil was up $.13 to trade at $53.21 per barrel WTI.
The big banks will kick off earnings season this week, and then the next several weeks market participants will be focused on what is expected to be a pretty good period for corporate earnings. We sent out our quarterly update this morning. Feel free to pass it along to anyone that you feel might find it useful.
Have a nice evening everyone.
