Friends
Jim is out of the office this afternoon, here are how the markets ended.
For the day, the Dow Jones Industrial Average was down 79 points to finish the day at 26,179. The S&P 500 was unchanged to close at 2,867. Gold was up $1.60 to trade at $1,295 per ounce, while oil was up $1.03 to trade at $62.62 per barrel WTI.
Have a nice evening everyone!
Friends The weakness in tech/AI stocks continues and the market averages, especially the Nasdaq, continue to lose ground as we get closer to year end. Instead of taking a victory lap the stocks that have been the leaders all year long are now cowering nervously in the...
Friends This morning’s release of the November non-farm payroll number showed that 64,000 new jobs were added, which was better than analysts had expected. The unemployment rate did tick up to 4.6%, which was actually more than expected. It’s hard to determine if this...
Friends Today was pretty much the same script we have seen over the past couple of weeks. The AI/big tech names came under selling pressure enough to take the market averages into negative territory. It’s hard to read too much into recent market action as we are so...
