Friends
Deals, earnings reports, Fed speak and the final weeks of the presidential campaigns. Markets had a lot to chew on today and for the most part market participants looked at the bright side of the proceedings. The AT&T deal to buy Time Warner led the news, but it will also be another busy week of earnings reports.
As mentioned traders bought stocks at the open and though, once again, stocks gave up some of the early gains, nevertheless it was a positive day for the bulls. By the close, the Dow Jones Industrial Average was up 77 points to finish the day at 18,223. The S&P 500 was up 10 points to close at 2,151. Gold was down $3 to trade at $1,264 per ounce, while oil was down $.27 to trade at $50.58 per barrel WTI. We’ve had a request to add Natural Gas to the mix so here you go – Nat Gas was down $.154 to trade at $2.83 per MMBtu on the NYMEX.
Some of the companies reporting this week include Apple, Boeing, Caterpillar, Procter & Gamble, MMM, Conoco Phillips, Exxon Mobile, Ford, Merck, UPS, Coca-Cola and Under Armour just to name a few. We will have a much clearer picture of just how this earnings season is panning out by the end of the week. Stay tuned.
Have a nice evening everyone.
