Friends
More hope for a stimulus deal helped spur a rally in the market averages. Evidently, the big players are meeting this afternoon and hopefully something good will come out of it. Again, the stock market has surely done well this year, but so many small business owners and their employees (especially in the restaurant industry) need help to get to the other side of this pandemic.
As mentioned, stocks rallied nicely with the Dow Jones Industrial Average up 337 points to close at 30,199. The S&P 500 was up 47 points to finish the day at 3,694. The Nasdaq Composite Index was up 155 points to close at 12,595. Gold was up $25 to trade at $1,857 per ounce, while oil was up $.59 to trade at $47.58 per barrel WTI.
This was the first convincing rally we have seen in about a week, so it will be interesting to see if the bulls can keep the momentum going into year end. Of course, if Congress drops the ball on a stimulus deal all bets are off. Stay tuned.
Have a nice evening everyone.
