Friends
The jobs number this morning was a bit disappointing, but it may end up being a part of the emphasis that helps get a stimulus deal done next week. So, despite the disappointing jobs number stocks enjoyed another good day. Once again, we are seeing much broader participation which should be very pleasing to the bulls.
By the close, the Dow Jones Industrial Average was up 248 points to finish the day at 30,218. The S&P 500 was up 32 points to close at 3,699. The Nasdaq Composite Index was up 87 points to close at 12,464. Gold was down $1 to trade at $1,841 per ounce, while oil was up $.37 to trade at $46.01 per barrel WTI.
The move in stocks that we have seen since the March lows is nothing short of remarkable. We have about 4 weeks left of this historic year, but before we get ahead of ourselves, let’s just take it a day at a time. Stay tuned, we’ll guide this ship into the end of the year and keep you posted along the way.
Have a great weekend everyone.
