Friends
It was a mixed bag for stocks today. Snap’s disastrous earnings report after the close yesterday set a negative tone for the Nasdaq as we entered trading today. Apple’s privacy protocols apparently are affecting digital advertisers who get blocked. We saw Facebook fall in sympathy as investors now want to see if their advertising revenues are similarly affected. But, as mentioned it was a mixed bag for stocks.
By the close the Dow Jones Industrial Average was up 73 points to finish the day at 35,677. The S&P 500 was down 4 points to close at 4,544. The Nasdaq Composite Index was down 125 points to close at 15,090. Gold was up $12 to trade at $1,794 per ounce, while oil was up $1.40 to trade at 83.90 per barrel WTI.
We now will buckle up for next week’s onslaught of important earnings releases. We will hear from the likes of Apple, Amazon, Google, Microsoft, Eli Lilly, Bristol-Myers, Merck, AbbVie, Coca-Cola, Ford, Boeing and Lockheed Martin just to name a few. Stay tuned, it should be an interesting week ahead.
Have a great weekend everyone.
