Friends
Once again, market participants really don’t want to participate until the debt ceiling fiasco is solved in Washington D. C. Stocks were lower throughout the trading session, not necessarily because of immense selling pressure, but more because of just a lack of buying interest.
By the close, the Dow Jones Industrial Average was down 231 points to finish the day at 33,055. The S&P 500 was down 46 points to close at 4,145. The Nasdaq Composite Index was down 160 points to close at 12,560. Gold was down $1 to trade at $1,976 per ounce, while oil was up $1.01 to trade at $73.06 per barrel WTI.
We’ll see if the buyer’s strike continues all week or at least until there is more clarity on the debt ceiling. In the meantime, a somewhat successful earnings season is wrapping up and inflation numbers continue to be the economic data point drawing the most scrutiny. So, basically stay tuned and we’ll let you know how the week plays out.
Have a nice evening everyone.
