Friends
It was a somewhat quiet day on the headline front and an equally quiet day on the stock trading front. The Dow and the S&P were able to squeak out a win, while the Nasdaq struggled a bit. The ADP private payroll number came in a little shy of expectations, but trying to guess employment data during a pandemic is not an easy task.
By the close, the Dow Jones Industrial Average was up 59 points to finish the day at 29,883. The S&P 500 was up 6 points to close at 3,669. The Nasdaq Composite Index was down 5 points to trade at 12,349. Gold was up $13 to trade at $1,832 per ounce, while oil was up $.57 to trade at $45.12 per barrel.
The UK has already approved Pfizer’s vaccine, so it would seem likely we would get an FDA approval shortly. I keep wondering if most of the good vaccine news is already priced into stocks, but day after day the market continues to be resilient. We’ll keep watching.
Have a nice evening everyone.
