Friends
It was a wacky week in the markets, wasn’t it. Just when the bears looked like they had the bulls on the run, those beleaguered bulls stepped back in to buy stocks again today. The momentum stocks still struggled, but other sectors found some support. On the economic front the Chicago PMI number was fantastic and consumer confidence ticked back up. All in all, it was a good first half of the year for markets.
As for today, by the close the Dow Jones Industrial Average was up 63 points to finish the day at 21,350. The S&P 500 was up 3 points to close at 2,423. Gold was down $4 to trade at $1,241 per ounce, while oil was up $1.27 per barrel WTI.
Can you believe it, half the year is behind us already. The stock market is open for a half day of trading on Monday. It will be like the day after Thanksgiving. We’ll be here for that half day, but don’t you worry. Enjoy a 4 day holiday and have a great 4th of July.
Have a great weekend everyone.
