Friends
It was a day chocked full of economic data points, but not much else. As for that economic news, the CPI continued to decline, mainly due to the fall in energy prices, Durable Goods orders rebounded in February after a lousy January number, and weekly jobless claims number surged somewhat unexpectedly. This somewhat mixed set of data points, coupled with falling oil prices, kept a lid on any excitement that market participants might have had.
By the close, the Dow Jones Industrial Average was down 10 points to finish the day at 18,214. The S&P 500 was down 3 points to close at 2110. Gold was up $7 to trade at $1208 per ounce, while oil was down $2.03 to trade at $48.96 per barrel WTI.
We get a second look at 4th quarter GDP tomorrow, but it will be interesting to see what the next catalyst will be for stocks, whether up or down. Earnings and Fed speak are mostly behind us now, and the Greece situation was put on hold for a couple of months. We’ll let you know how the week concludes tomorrow.
Have a nice evening everyone.
