Friends
Stocks fared a bit better today than we have seen over the past several trading sessions. It certainly wasn’t anything to get excited about if you are a bull, but at least the lackluster pattern that we had been seeing was broken for a day. We have the non-farm payroll number tomorrow, which will be that last real important economic data point before next week’s FOMC meeting.
By the close, the Dow Jones Industrial Average was up 70 points to finish the day at 24,211. The S&P 500 was up 7 points to close at 2,636. Gold was down $18 to trade at $1,247 per ounce, while oil was up $.69 to trade at $56.65 per barrel WTI.
The consensus is that there were 190,000 new jobs created in November, so we’ll see how the markets react to the number vs. expectations. I would be surprised if there is anything that would deter the Fed from raising the Fed Funds rate another ¼ % next week, at this point, but of course there’s always politicians.
Have a nice evening everyone.
