Friends
We had big earnings from both Google and Amazon after the close yesterday. In today’s trading, Google’s shares responded positively while Amazon’s shares sold off a bit. That’s been the story of this earnings season. The numbers have been good, but the share price response has been mixed. Overall, the market was still able to post modest gains and keep the week’s winning streak intact.
For the day, the Dow Jones Industrial Average was up 36 points to close at 30,723. The S&P 500 was up 3 points to finish the day at 3,830. The Nasdaq Composite Index was down 2 points to close at 13,610. Gold was up $1 to trade at $1,831 per ounce, while oil was up $1.01 to trade at $55.77 per barrel WTI.
So far it has been a good week for the bulls as earnings continue to be good, and last week’s sideshows continue to fade further from our memories. So far we’ve recovered most of last week’s losses, so let’s see if the bulls can make it four winning days in a row tomorrow.
Have a nice evening everyone.
