Friends
The bulls did some buying in the sectors that have seen recent weakness today, snapping up shares of industrials, financials and even some staples. It wasn’t a rally that one would want to brag about, but at least the bulls were able to put one in the win column.
By the close, the Dow Jones Industrial Average was up 98 points to finish the day at 24,216. The S&P 500 was up 16 points to close at 2,716. Gold was down $7 to trade at $1,249 per ounce, while oil was up $.55 to trade at $73.31 per barrel WTI.
Today was a bit of a relief rally, but doesn’t change the fact that the last couple of weeks have been difficult for the markets. The month, quarter and first half of the year finishes up tomorrow, and it looks like the first half of the year is going to be remembered for a lot of volatility that ended going nowhere. Let’s see how it all finishes out tomorrow.
Have a nice evening everyone.
