Friends
As snowmageddon 2025 hit here in the Houston area (it ended up not being that bad actually), stocks got the week off to a strong start for the bulls. Retreating bond yields and excitement about the new administration set the tone for a nice rally in market averages.
For the day, the Dow Jones Industrial Average was up 538 points to close at 44,026. The S&P 500 was up 52 points to finish the day at 6,049. The Nasdaq Composite Index was up 126 points to close at 19,756. Gold was up $7 to trade at $2,755 per ounce, while oil was down $1.79 to trade at $76.09 per barrel WTI.
Remember, we are rolling into earnings season, but so far so good with regards to corporate profits. It’s a shortened trading week, but it’s off to a good start. Let’s see how the rest of the week unfolds.
Have a nice evening everyone.
Jim
