Friends
It was an odd trading day for stocks. Headlines about the stimulus deal caused their usual volatility, and of course we are dealing with earnings news on a company by company basis, but what looked like it could be a difficult day turned into a bit of a non-event. Last night’s debate didn’t really seem to provide any direction this morning in early trading. It will really be interesting to see just how markets are pricing in the expected results of the election.
As for today, by the close the Dow Jones Industrial Average was down 28 points to finish the day at 28,335. The S&P 500 was up 11 points to close at 3,465. The Nasdaq Composite Index was up 42 points to close at 11,548. Gold was down $1 to trade at $1,903 per ounce, while oil was down $.90 to trade at $39.74 per barrel WTI.
Beside political wrangling over a stimulus deal, next week will be a big one for earnings as big names like Apple, Amazon ,Microsoft, Google, 3M,Eli Lilly, Merck, Chevron and ExxonMobil all report. We’ll be back at it on Monday and help you navigate what looks to be a busy week.
Have a great weekend everyone.
