Choppy

Jun 2, 2015 | Market Commentary

Friends

We experienced another mixed day of trading-down some, up some, down some, etc.  The morning began with bomb threats on airlines and concerns about Greek debt, which initially sent stocks into the red, but traders seemed content just to stand back and watch for a good portion of the trading session.

By the close, the Dow Jones Industrial Average was down 28 points to finish the day at 18,011. The S&P 500 was down 2 points to close at 2109. Gold was up $4 to trade at $1193 per ounce, while oil was up $1.10 to trade at $61.30 per barrel WTI.

Tomorrow, we get the first of our three days of employment data with the release of the ADP private payroll number. Thursday, of course we get the weekly jobless claims and then on Friday the non-farm payroll number. It looks like we are entering the dog days of summer. A solution in Greece or a move by the Fed would wake everyone up. Other than that it seems we are in search of a catalyst.

Have a nice evening everyone.

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