Friends
It was a day where traders chose to digest some of their recent gains. It also was a day when a couple of companies that reported earnings had a little indigestion with regards to their shares. Walmart reported what looked like pretty good earnings but warnings that the consumer may be slowing sent the shares lower. Walmart’s CEO even suggested that we may see some deflation this holiday season. Another Dow component Cisco saw its shares dive after a disappointing earnings report. But the market in general was at least able to hold serve.
By the close, the Dow Jones Industrial Average was down 45 points to finish the day at 34,945. The S&P 500 was up 5 points to close at 4,508. The Nasdaq Composite Index was up 9 points to close at 14,113. Gold was up $20 to trade at $1,984 per ounce, while oil was down $3.56 to trade at $73.10 per barrel WTI.
As mentioned yesterday, it will be interesting to see if we already have seen the pre-Thanksgiving rally or is there more to come next week. First let’s see how this week finishes out tomorrow.
Have a nice evening everyone.
