Friends
With a lack of any real market catalyst, traders seemed content to sit on the gains that they were able to accrue over the past couple of days as stocks drifted aimlessly for most of today’s trading session. The weekly jobless claims number was strong, and/but the core CPI number came in a little light-it’s moving in the wrong direction with respect to the desires of the Fed.
By the close, the Dow Jones Industrial Average was up 18 points to finish the day at 17,926. The S&P 500 was up a fraction to close at 2082. Gold was down $21 to trade at $1,226 per ounce, while oil was down $.30 to trade at $41.46 per barrel WTI.
It’s been a good week for the bulls so far. Let’s see if they can finish the week on a high note tomorrow. On the economic front we will get Industrial Production numbers and Consumer Sentiment. We’ll let you know how the week finishes out. Stay tuned.
Have a nice evening everyone.
