Friends
Hopes that there will be a softening before tomorrow’s trade war deadline with China helped propel stocks to nice gains. A nice ISM non-manufacturing number didn’t hurt either. The ADP private payroll number was fine, but a little shy of expectations. All in all the news flow favored stocks today, but besides the Tariff deadlines, we get the non-farm payroll number tomorrow also.
For the day, the Dow Jones Industrial Average was up 181 points to close at 24,356. The S&P 500 was up 23 points to finish the day at 2,736. Gold was up $4 to trade at $1,257 per ounce, while oil was down $1.16 to trade at $ 72.98 per barrel WTI.
Tomorrow should be an interesting trading session. Analysts are looking for about 190,000 new jobs to have been created in June. Buckle up and we’ll let you know how it all plays out.
Have a nice evening everyone.
