Friends
It was a very quiet day of trading as I suspect that many traders headed for the Hamptons on Wednesday for a 4-day weekend. With no new economic data and nothing new out of the White House with regards to the Israel/Iran situation, market participants had little to go on.
For the day, the Dow Jones Industrial Average was up 35 points to close at 42,206. The S&P 500 was down 13 points to finish the day at 5,967. The Nasdaq Composite Index was down 98 points to close at 19,447. Gold was down $26 to trade at $3,381 per ounce, while oil was down $.14 to trade at $75.00 per barrel WTI.
With the Fed meeting behind us, market participants will be focused on the Middle East over the coming weeks. We are getting close to quarter end and a new earnings season, but in the meantime, we’ll see how market participants navigate these final trading sessions in June. Stay tuned.
Have a nice evening everyone.
