Friends
It was a real choppy day for the market averages as losses reversed to gains, then gains slid back into losses and back and forth we went. In the end the S&P 500 and the Nasdaq were able to post gains while the Dow finished in negative territory. We are expecting to get details on the President’s tariff plans tomorrow, so perhaps that will bring more clarity to the markets. My guess is that there will still be uncertainty going forward which will likely lead to more volatility as we move into second quarter earnings season.
As for today, by the close the Dow Jones Industrial Average was down 11 points to finish the day at 41,989. The S&P 500 was up 21 points to close at 5,633. The Nasdaq Composite Index was up 150 points to close at 17,449. Gold was up a fraction to trade at $3,150 per ounce, while oil was down $.24 to trade at $71.24 per barrel WTI.
Buckle up, we’ll see how the markets react to the President’s tariff details as the week unfolds. Again, has much of this been priced in or will market participants be surprised by what the White House announces after the closing bell tomorrow? Stay tuned.
Have a nice evening everyone.
Jim
