Friends
Despite concerns about, well, everything, stocks were able to hold serve once again today. Tomorrow’s CPI data is likely to be a market mover making today’s muted action completely understandable.
By the close, the Dow Jones Industrial Average was up 98 points to finish the day at 33,684. The S&P 500 was basically flat closing at 4,109. The Nasdaq Composite Index was down 52 points to close at 12,031. Gold was up $15 to trade at $2,019 per ounce, while oil was up $1.69 to trade at $81.43 per barrel WTI.
The biggest action might be in the bond market tomorrow as it has been for a while now. Buckle up, tomorrow’s CPI report is almost upon us. We’ll let you know how it all plays out tomorrow.
Have a nice evening everyone.
Jim
