Friends
The roller coaster ride continues. Today, the Nasdaq fared better than the Dow and the S&P 500, again making it difficult to decide what sectors of the market are poised to do better in the coming weeks and months and which sectors are in danger of losing ground. The lack of any consistency from day to day is keeping market participants on their toes at the moment.
For the day, the Dow Jones Industrial Average was down 532 points to close at 35,365. The S&P 500 was down 48 points to finish the day at 4,620. The Nasdaq Composite Index was down 10 points to close at 15,169. Gold was unchanged trading at $1,798 while oil was down $1.77 to trade at $70.61 per barrel WTI.
It’s been three very volatile weeks for stocks. Coming into the month we had a shift in Fed policy and a new Covid variant introduced into the mix. Now we appear to be limping into the end of the year with the man in the red suit nowhere to be found. Just two more weeks of trading before we close the books on 2021. Stay buckled up.
Have a great weekend everyone.
