Friends
It was mixed day for stocks and corporate earnings. 3M had decent earnings, but the shares rallied, while shares of Verizon and Pfizer sold off on lukewarm earnings numbers. So, once again, it’s a mixed bag earnings season with fewer beats than we have seen it recent quarters, and more negative than positive guidance. But, share price reactions to the earnings reports are just as mixed and confusing.
As for stocks, for the day the Dow Jones Industrial Average was up 51 points to close at 24,579. The S&P 500 was down 3 points to finish the day at 2,640. Gold was up $6 to trade at $1,309 per ounce, while oil was up $1.19 to trade at $53.18 per barrel WTI.
Apple reports after the close today, so that will likely set the tone for the open of trading tomorrow. Along with many more earnings reports we get ADP private payrolls tomorrow along with our first look at 4th quarter GDP. Then on Friday we get non-farm payroll number. The busy week continues.
Have a nice evening everyone.
