Friends
In my best Johnnie Cochran imitation – “after the missiles fly, you must buy”. The missiles did fly on Friday evening, as the President approved a targeted Syrian bombing mission, but by the opening this morning market participants had earnings season on their mind. As we have mentioned, this should be a good reporting season for corporations and maybe that will help put in some support for stocks. As for today, stocks were up for the entire trading session, though quiet over the last couple of hours.
By the close, the Dow Jones Industrial Average was up 212 points to finish the day at 24,573. The S&P 500 was up 21 points to close at 2677. Gold was up $1 to trade at $1,349 per ounce, while oil was down $1.05 to trade at $66.34 per barrel WTI.
Some of the companies reporting this week include IBM, Johnson & Johnson, Morgan Stanley, General Electric, Schlumberger, Procter & Gamble and United Healthcare. Next week is even a bigger week for earnings with the likes of Google, Facebook, Caterpillar, Boeing, Ford and Visa. Of course, headlines from throughout the globe or here at home can grab the market’s attention at any moment. Stay with us.
Have a nice evening everyone.
