Friends
It looked to be a troublesome day for the markets when Mr. Putin was waving his nuclear arsenal in the worlds face this morning. Indeed, futures showed the Dow down more than 500 points before the open. But as the trading session wore on, stocks continued to recover and push both the S&P and the Nasdaq well into positive territory. Also, this morning Walmart released an almost perfect earnings report pushing the shares of that giant retailer to all-time highs.
By the close, the Dow Jones Industrial Average was down 120 points to finish the day at 43,268. The S&P 500 was up 23 points to close at 5,916. The Nasdaq Composite Index was up 195 points to close at 18,987. Gold was up $21 to trade at $2,636 per ounce, while oil was up $.37 to trade at $69.53 per barrel WTI.
Again, results from retailers are likely to be mixed as was evident today with Walmart shining while Lowe’s disappointed. We’ll see how others do as the week unfolds and remember we will get Nvidia’s earnings tomorrow after the close. It’s likely to continue to be a volatile week. Stay tuned.
Have a nice evening everyone.
Jim
