Friends
Stocks were minding their own business, happily drifting along in positive territory when the North Korea rhetoric heated up. Stocks slipped a bit when the President gave a warning during the last hour of trading (fire and fury), but the damage wasn’t serious. Moves in either direction have been muted for some time now, but of course that could change at any moment. Global tensions could ramp up volatility because of the great unknown that it entails.
As for today, by the close the Dow Jones Industrial Average was down 33 points to finish the day at 22,085. The S&P 500 was down 5 points to close at 2474. Gold was up $1.2 to trade at $1,265 per ounce, while oil was down $.26 to trade at $49.13 per barrel WTI.
It appeared we might be in for a quiet week, and we still might, but things may have just changed given the global political tensions. On the earnings front, we’ll get Disney’s earnings after the bell, and then some of the beleaguered retailers later in the week. Stay tuned, we’ll keep an eye on it all.
Have a nice evening everyone.
