Friends
The bulls are still charging as the market averages continue to set new highs. The bond market was closed today for the Columbus Day observance, so stock buyers were on their own. Earnings season begins to swing into action this week as we will hear from the likes of Bank of America, United Airlines, Goldman Sachs, Citi, Johnson & Johnson, United Healthcare, Abbot Labs, Netflix, Morgan Stanley, and Schlumberger just to name a few.
As for today, by the close the Dow Jones Industrial Average was up 201 points to finish the day at 43,065. The S&P 500 was up 44 points to close at 5,859. The Nasdaq Composite Index was up 159 points to close at 18,502. Gold was down $8 to trade at $2,668, while oil was down $1.65 to trade at $73.91.
As mentioned, we begin to really wade into earnings this week. It will only pick up pace in the weeks after. Stay tuned, it will be interesting to see if Corporate America can match these lofty (at least where price is concerned) expectations.
Have a nice evening everyone.
