Friends
Just another day in the market, as stocks once again experienced a triple digit move in the Dow. Today’s move, thankfully, was to the upside as traders decided that yesterday’s dip needed once again to be bought.
By the close, the Dow Jones Industrial Average was up 168 points to finish the day at 18,127. The S&P 500 was up 18 points to close at 2108. Gold was up $13 to trade at $1181 per ounce, while oil was up $1.76 to trade at $45.72 per barrel WTI.
With the Fed meeting behind us now and earnings season several weeks away, it will be interesting to see what moves markets for the next few weeks. The two items that we know the Fed is keeping an eye on, the employment numbers and inflation numbers, are not due for a couple of weeks also, so traders are going to have to amuse themselves for the foreseeable future. In the meantime, seasonally it is typically a good time for stocks. Let’s see if that holds true over the next month or so.
Have a great weekend everyone. Enjoy the games.
