Friends
Earnings season rolls out in force this week and next, but stocks seem rather uninterested to this point. We had a tasty earnings beat from Kimberly Clark this morning, and its shares rose nicely, but the market averages spent the entire trading session drifting in mixed directions.
By the close, the Dow Jones Industrial Average was down 48 points to finish the day at 26,511. The S&P 500 was up 2 points to close at 2,907. Gold was up $1 to trade at $1,276 per ounce, while oil was up $1.66 to trade at $65.66 per barrel WTI.
In addition to today’s releases, throughout the week we will hear from Ford, Colgate, Caterpillar, Altria, 3M, Verizon, Procter and Gamble, Lockheed Martin, Coca Cola, Chevron and Exxon Mobil among many others. So far, this hasn’t been anything close to a disastrous earnings season, but remember stocks have rallied mightily this year and a better than expected earnings season might already be priced in. Better than expected in the sense that it might not end up being as bad as anticipated. We’ll track it all for you this week. Stay tuned.
Have a nice evening everyone.
