Friends
The market averages were mixed but the old Dow Jones Industrial Average was today’s big winner. Healthcare shares Amgen, Merck and Johnson & Johnson helped move the Dow higher and despite continued weakness in some big tech names, Apple (a Dow Component) also moved higher.
By the close, the Dow Jones Industrial Average was up 559 points to finish the day at 47,927. The S&P 500 was up 14 points to close at 6,846. The Nasdaq Composite Index was down 58 points to close at 23,468. Gold was up $13 to trade at $4,135 per ounce, while oil was up $.82 to trade at $60.95 per barrel WTI.
So far this month, we have seen selling in the AI arena and today was no different. Also, ADP reported that we have seen negative job growth in the past four weeks putting more pressure on the labor sector. Yet, all in all stocks continue to hold rather firm as a whole. Let’s see how the week continues to play out.
Have a nice evening everyone.
