Friends
Dueling press conferences cast a negative pall on the markets today, as after being encouraged that the “fiscal cliff” talks were going well, traders today showed concern that the talks may not be going quite so well.
For the day, the Dow Jones Industrial Average was down 99 points to close at 13,252. The S&P 500 was down 10 points to finish the day at 1435. Gold was down $1 to trade at $1670 per ounce, while oil was up $1.47 to trade at $89.40 per barrel WTI.
I’ll check back with you tomorrow to let you know if there is any progress on the “fiscal cliff” talks and how the markets are reacting.
Have a nice evening everyone.
