Friends
Who needs Europe? After a weak overnight session overseas, and our first real earnings disappointments (not to mention another uninspired weekly jobless claims number), stocks were set to have a difficult trading session. Exxon Mobil, Dow Chemical, UPS and a couple of others came up a little shy in their earnings reports, but traders shook off the news and bid stocks higher right from the start.
For the day the Dow Jones Industrial Average was up 114 points to close at 13,204. The S&P 500 was up 9 to close right at 1400. Gold was up $16 to finish the day trading at $1658 per ounce and oil was up $.32 to trade near $104.44 per barrel WTI. It would be nice to see a weekly close of the S&P above 1400 and the Dow is dancing comfortably (for the moment) above 13,000.
Let’s see how we finish up the week.
