Friends
After last week’s jobs report, the bulls appear to have the upper hand at the moment, as volatility has lessened and sellers seem to be out of ammunition. Now, is this move getting a little long in the tooth? Stocks have gone almost straight up since the nightmare Christmas Eve trading session. So, we’ll take this move in stride and continue to monitor corporate earnings releases this week.
For the day, the Dow Jones Industrial Average was up 175 points to close at 25,239. The S&P 500 was up 18 points to finish the day at 2,724. Gold was down $4 to trade at $1,317 per ounce, while oil was down $.54 to trade at $54.72 per barrel WTI.
We’ll get Alphabet’s (Google) earnings after the close today, as well as more earnings throughout the week. Clorox surprised to the upside this morning, so the mixed bag of results continues. Let’s see how the week unfolds. Stay tuned.
Have a nice evening everyone.
