Friends
It appeared that the bulls had yet to return from their holiday weekend given today’s lack of buying interest by market participants. Nasdaq tried to squeeze out a small gain but ultimately failed, while the other market averages faltered for most of the day. This shortened trading week is likely to be somewhat uneventful given we had so much data last week and don’t get the CPI report until next Wednesday. But we will see of course.
As for today, by the close the Dow Jones Industrial Average was down 195 points to finish the day at 34,641. The S&P 500 was down 18 points to close at 4,496. The Nasdaq Composite Index was down 10 points to close at 14,020. Gold was down $15 to trade at $1,952 per ounce, while oil was up $1.01 to trade at $86.56 per barrel WTI.
Let’s see if the bears can use a little seasonality and lack of news to push the bulls around a little this week. Stay tune.
Have a nice evening everyone.
