Friends
I was ready to describe to you the mess that was the markets today, but then just before 2:00 our time the explosions in Boston took place. It’s just hard to see a wonderful event like the Boston Marathon on Patriot’s Day marred by useless violence.
As for today, I’ll attempt to do a quick wrap up and we’ll expand on it tomorrow. Led by a collapse in gold and other commodities, stocks had a miserable day with the Dow Jones Industrial Average losing 265 points to finish the day at 14,599. The S&P 500 was down 36 points to close at 1552. The aforementioned gold was down a whopping $144 to trade at $1356 per ounce, while oil was down $3.14 to trade at $88.15 per barrel WTI. Yes, the markets did get worse in the last hour after the explosions were reported, but we were heading for a terrible day as it was.
We’ll add a little color to today’s action tomorrow, but for now let’s think about those who were injured or worse in Boston.
Try to have a good evening everyone.
