Friends
Again, not surprisingly, it was another quiet day of trading as we steer this ship towards Christmas and the year end. Other than the impeachment proceedings going on in the House of Representatives (which the market seems to care little about) there really isn’t much market moving news at the moment.
For the day, the Dow Jones Industrial Average was down 27 points to close at 28,239. The S&P 500 was down 1 point to trade at 3191. Gold was mainly unchanged, trading at $1,479 per ounce, while oil was also mainly unchanged, trading at $60.94 per barrel WTI.
On the earnings front, Fed Ex had a very disappointing report after the close yesterday (continuing a string of disappointments from the company). Its shares took a bit of a drubbing, but these one off earnings disappointments haven’t yet affected the overall market, as stocks continued to grind higher. Let’s see if anything changes before week end. It doesn’t seem likely.
Have a nice evening everyone.
