Friends
Stocks got off to a great start to the week as tech giants and momentum stocks rebounded, as well as positive moves for banks and healthcare. No Amazon didn’t buy anybody new today, but it’s still early in the week. With the Fed move behind us now, market participants will be looking to see how this quarter ends and how the second quarter earnings season sets up.
As for today, by the close the Dow Jones Industrial Average was up 144 points to finish the day at 21,528. The S&P 500 was up 20 points to close at 2,453. Gold was down $10 to trade at $1,245 per ounce, while oil was down $.63 to trade at $44.11 per barrel WTI.
Later in the week we get existing home sales, price trends and new home sales numbers, which might shed more light on the second quarter economic picture. Will we now settle into the dog days of summer, or will traders have something to get their juices flowing as we finish up the first half of the year? Let’s see how this week unfolds first.
Have a nice evening everyone.
