Friends
Despite a robust jobs report and the House mustering the votes to repeal and replace Obamacare, stocks have done virtually nothing all week. Earnings season was, for the most part, a success, but continued weakness in oil prices and a stubborn bond market have kept a lid on any enthusiasm.
For the day, the Dow Jones Industrial Average was up 54 points to finish the day at 21,006. The S&P 500 was up 9 points to close at 2,399. Gold was up $1.40 to trade at $1,230 per ounce, while oil was up a fraction to trade at $46.35 per barrel WTI.
The final leg of the French election happens this weekend, so that may be a catalyst for next week’s trading. In the meantime the bulls and the bears will have to reflect on what direction this market will take next. It appears about as clear as mud right now.
Have a great weekend everyone.
