Friends
Stocks began the week to the upside with Nasdaq and big tech names recovering some from their recent declines. In addition to all the political theater, we are right in the middle of earnings season. To that end we will hear from Alphabet (Google), Coca-Cola, Kimberly-Clark, GM, Ford, AT& T, American Airlines, GE, Lockheed Martin, Baker Hughes, Union Pacific, and Dow Chemical just to name a few. Google will be the first big tech name to report tomorrow so traders will be very focused on how their shares react.
As for today, by the close the Dow Jones Industrial Average was up 127 points to finish the day at 40,415. The S&P 500 was up 59 points to close at 5,564. The Nasdaq Composite Index was up 280 points to close at 18,007. Gold was up $1.30 to trade at $2,400 per ounce, while oil was down $.18 to trade at $79.95 per barrel WTI.
So far, I think earnings could be best described as mixed. Let’s see what Corporate America has in store for us over the next few weeks. Stay tuned.
Have a nice evening everyone.
