Friends
Stocks sold off a little bit this afternoon and it might have been because of simple boredom. For most of the trading session it appeared everything was stuck in neutral, so the bears showed up to see if they could catch the bulls napping. As we pointed out yesterday, there isn’t much going on economically this week, and we are through the bulk of corporate earnings season.
By the close, the Dow Jones Industrial Average was down 74 points to finish the day at 25,509. The S&P 500 was down 4 points to close at 2,853. Gold was down $1 to trade at $1,219 per ounce, while oil was down $.25 to trade at $66.69 per barrel WTI.
In the meantime, Apple and Amazon continue to hit new all-time highs. Other than that let’s see how the week ends tomorrow. The dog days of summer, indeed.
Have a nice evening everyone.
