Friends
Earnings are starting to move stocks in different directions. Netflix shares, for instance skyrocketed after a stellar earnings report, but J&J and P&G shares both slumped. All in all, it was it was a mixed day for the market averages.
By the close, the Dow Jones Industrial Average was down 3 points to finish the day at 26,210. The S&P 500 was up 6 points to close at 2,839. Gold was up $8 to trade at $1,340 per ounce, while oil was up $1.15 to trade at $64.72 per barrel WTI.
The earnings barrage will continue this week and next so we are starting to get a feel for the credibility of individual share prices. Of course, the political theater continues to dominate the headlines, but we’ll keep an eye on how companies are doing and even more importantly what they see in the future, given the tax law changes and other events. These days there is never a dull moment.
Have a nice evening everyone.
