Friends
Given today’s lack of enthusiasm it appears that market participants are content to coast into the end of the quarter. The Dow moved lower originally but recovered those losses by the close. Fed Ex moved higher on good earnings, Amazon moved to a new all-time high and Apple moved higher once again, but for the most part there wasn’t much to get excited about.
For the day, the Dow Jones Industrial Average was up 15 points to close at 39,127. The S&P 500 was up 8 points to finish the day at 5,477. The Nasdaq Composite Index was up 87 points to close at 17,805. Gold was down $20 to trade at $2,310 per ounce, while oil was down $.19 to trade at $80.64 per barrel WTI.
We appear to be settling in for quarter end unless Friday’s inflation number lights a fire under traders. Next up will be earnings season and a July FOMC meeting. First we’ll see how the quarter ends on Friday.
Have a nice evening everyone.
