Friends
Given that the bond market was closed on this Veteran’s Day, it was a very quiet day of trading for stocks as well. In general it was a trading session with a downward tilt, but an afternoon rally in the shares of Boeing helped keep the Dow near the breakeven level for the day.
By the close, the Dow Jones Industrial Average was up 12 points to finish the day at 27,693. The S&P 500 was down 6 points to close at 3,087. Gold was down $5 to trade at $1,457 per ounce, while oil was down $.38 to trade at $56.86 per barrel WTI.
With earnings season now mainly behind us, market participants will now likely focus on economic data, but as always will be influence by headlines, be they trade oriented or political in nature. This week includes speeches by several Fed officials and Chairman Powell visits Capitol Hill on Wednesday and Thursday. So traders will be on Fed watch. We’ll keep you informed.
Once again a special thanks to all of our Veterans on this very special holiday.
Have a nice evening everyone.
