Friends
Jitters about global tensions and jitters about corporate earnings sent stocks lower today. Earnings from the big banks were good but it didn’t seem to matter. Buyers disappeared and sellers were left to their own devices.
For the day, the Dow Jones Industrial Average was down 475 points to close at 37,983. The S&P 500 was down 75 points to finish the day at 5,123. The Nasdaq Composite Index was down 267 points to close at 16,175. Gold was down $13 to trade at $2,359 per ounce, while oil was up $.52 to trade at $85.54 per barrel WTI.
We will really see earnings season kick into gear next week. If today was any indication, the bulls are going to have their hands full over the coming weeks. Stay tuned.
Have a great weekend everyone.
Jim
