Friends
I hope everyone had a great Christmas. As expected, it was a somewhat quiet news day for the markets and also as expected the Santa Claus rally appears to be in full swing as we head into the new year. Stocks rose consistently higher throughout the trading session and there just didn’t seem to be any sellers around.
For the day, the Dow Jones Industrial Average was up 159 points to close at 37,545. The S&P 500 was up 20 points to finish the day at 4,774. The Nasdaq Composite Index was up 81 points to close at 15,074. Gold was up $8 to trade at $2,077 per ounce, while oil was up $1.67 to trade at $75.23 per barrel WTI.
I would expect trading to be light and markets to be less volatile this week, but you never know when an algorithmic buy or sell program might be triggered. Anyway, we’ll let you know how things unfold into year end.
Have a nice evening everyone.
