Friends
As the free for all in the House of Representatives for speaker of the house (seems like no one wants it) captured the headlines today, the bulls decided to step in and do a little stock buying this afternoon. Things were quiet up until the release of recent FOMC minutes, (Fed officials indicating that global growth concerns kept the rate increase in the holster) but the somewhat dovish minutes brought in the buyers.
By the close, the Dow Jones Industrial Average was up 138 points to finish the day at 17,050. The S&P 500 was up 17 points to close at 2013. Gold was down $8 to trade at $1140 per ounce, while oil was up $1.82 to trade at $49.64 per barrel WTI.
Earnings season will kick into high gear next week, but in the meantime let’s see how we finish this week up tomorrow. The bears appear to be stunned by this recent climb, which is seemingly right in the face of bad news. We’ll check in with you tomorrow.
Good luck to the Astros in KC tonight. Go Stros!
Have a nice evening everyone.
