Market Averages Mixed but Off Early Highs

Aug 7, 2025 | Market Commentary

Friends

 

Early gains quickly disappeared as the narrative again focused on tariffs. Stumbles by Eli Lilly, Caterpillar and Salesforce also added to the pressure on the market averages, but basically the back and forth between up and down days continues.

 

By the close the Dow Jones Industrial Average was down 224 points to finish the day at 43,968. The S&P 500 was down 5 points to close at 6,340. The Nasdaq was up 73 points to close at 21,242. Gold was up $31 to trade at $3,465 per ounce, while oil was down $.64 to trade at $63.71 per barrel WTI.

 

It’s been a rollercoaster ride for the past 5 trading sessions. Let’s see how the week finishes out tomorrow.

 

Have a nice evening everyone.

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