Friends
A slightly better than expected non-manufacturing ISM number (boy we needed a good number) helped buoy stocks modestly today, giving us the first decisively positive day in some time. With nothing new coming out of Europe, trading was quiet and quite light, but at least things leaned to the positive today.
For the day, the Dow Jones Industrial Average was up 26 points to close at 12,127. The S&P 500 was up 7 points to finish the day at 1285. Gold was up $6 to trade at $1620 per ounce and oil was up $.28 to trade at $84.26 per barrel WTI.
We are back in the “waiting for godot” mode, as traders seem content to wait to see what type of solution is forthcoming from the Europeans (if anything). In the meantime, we will see what Dr. Bernanke has on his mind during his testimony on Thursday. We’ll let you know as things unfold.
Have a nice evening everyone.
