Happy Thanksgiving

Nov 22, 2017 | Market Commentary

Friends 

We always like to take this opportunity during the Thanksgiving holiday to thank all of you for entrusting us with your financial future. As you know we take that responsibility very seriously, and we really do strive to provide the best service in the industry. 

As for today’s markets, for the day, the Dow Jones Industrial Average was down 64 points to close at 23,526. The S&P 500 was down 1 point to finish the day at 2,597. Gold was up $9 to trade at $1,291 per ounce, while oil was up $1.16 to trade at $57.99 per barrel WTI. 

The office will be close tomorrow and Friday, so we’ll be back with you on Monday. 

Have a Happy Thanksgiving everyone. Enjoy your family and loved ones.

Recent Posts

Tech Stocks Continue to Drag Market Lower

Tech Stocks Continue to Drag Market Lower

Friends The weakness in tech/AI stocks continues and the market averages, especially the Nasdaq, continue to lose ground as we get closer to year end. Instead of taking a victory lap the stocks that have been the leaders all year long are now cowering nervously in the...

Stocks Mostly Lower after Employment Data Release

Stocks Mostly Lower after Employment Data Release

Friends This morning’s release of the November non-farm payroll number showed that 64,000 new jobs were added, which was better than analysts had expected. The unemployment rate did tick up to 4.6%, which was actually more than expected. It’s hard to determine if this...

Stocks Soft As Economic Data Looms

Stocks Soft As Economic Data Looms

Friends Today was pretty much the same script we have seen over the past couple of weeks. The AI/big tech names came under selling pressure enough to take the market averages into negative territory. It’s hard to read too much into recent market action as we are so...