Friends
A trade deal (or framework of a trade deal) with the United Kingdom helped send stocks higher during today’s trading session. Though the market averages did finish well off the highs of the day, it nevertheless was another good day for the bulls. Word that the White House was pushing for higher taxes on the highest of earners (back to 39.6% for those earning more than $2.5 million), kind of took a little of the wind out of the bull’s sails.
By the close, the Dow Jones Industrial Average was up 254 points to finish the day at 41,368. The S&P 500 was up 32 points to close at 5,663. The Nasdaq Composite Index was up 189 points to close at 17,928. Gold was down $80 to trade at $3,311 per ounce, while oil was up $1.94 to trade at $60.01 per barrel WTI.
We sure have a lot on our plate these days with regards to economic and market headlines on a daily basis. For now let’s see how the week finishes out tomorrow.
Have a nice evening everyone.
