Friends
The bulls continue to push stock prices higher with corporate earnings providing a tailwind so far. We still have a big week of announcements next week with the likes of Apple, Amazon, Microsoft, Meta, Ford, AbbVie, Shell, Mastercard, Kimberly-Clark, Colgate, Chevron, and Exxon reporting, just to name a few. In addition, we have a Fed meeting next week. So, there will be a lot to chew on.
As for today, by the close the Dow Jones Industrial Average was up 208 points to finish the day at 44,901. The S&P 500 was up 25 points to close at 6,388. The Nasdaq Composite Index was up 50 points to close at 21,108. Gold was down $33 to trade at $3,340 per ounce, while oil was down $.83 to trade at $65.20 per barrel WTI.
As mentioned, the bulls are firmly entrenched on the high ground. I don’t think anything extraordinary will come from next week’s Fed meeting, but you never know. Stay tuned.
Have a great weekend everyone.
