Friends
The President and folks in his administration spent the weekend attempting to do some damage control with regard to Friday’s developments in the market. By the reaction in stocks, it appears that they were at least marginally successful- for a day anyway.
Stocks rallied at the open and were mainly able to hold the gains. For the day, the Dow Jones Industrial Average was up 269 points to finish the day at 25,898. The S&P 500 was up 31 points to close at 2,878. Gold was up $.60 to trade at $1,538 per ounce, while oil was down $.36 to trade at $53.81 per barrel WTI.
Headlines, as realistic or unrealistic as they are, will likely continue to push markets around. We’ll try to keep track of them all this week for you. Stay tuned and buckled in.
Have a nice evening everyone.
