Friends
The unfortunate and tragic events in Afghanistan dominated the news cycle today and certainly affected the psyche of the markets in today’s trading. All eyes were and likely still are on tomorrow’s speech at Jackson Hole (virtually at least) by Fed Chair Powell, but today’s tragic news seemed to supersede all other market concerns.
By the close the Dow Jones Industrial Average was down 192 points to finish the day at 35,213. The S&P 500 was down 26 points to close at 4,469. The Nasdaq Composite Index was down 96 points to close at 14,945. Gold was up $2 to trade at $1,793 per ounce, while oil was down $.54 to trade at $67.82 per barrel WTI.
We will be monitoring the market response to the Fed Chair’s speech tomorrow, and in the meantime we’ll keep in our thoughts and prayers those who lost their life earlier today in Kabul.
Have a nice evening everyone.
