Friends
Even the Department of Justice couldn’t kill this bull market run. Yes, their anti-trust case against Apple took a bite out of the tech giant’s shares but it wasn’t enough to stop the bullish momentum of the market averages.
For the day, the Dow Jones Industrial Average was up 269 points to close at 39,781. The S&P 500 was up 16 points to finish the day at 5,241. The Nasdaq Composite Index was up 32 points to close at 16,401. Gold was up $23 to trade at $2,184 per ounce, while oil was down $.22 to trade at $81.05 per barrel WTI.
We’ll see how the week finishes up tomorrow, but for now the bulls are firmly in charge and the bears appear to be totally discouraged at this point. 2022’s bear market was supposedly signaling a recession that didn’t come then, or in 2023, or so far this year. In the meantime, stocks ebb and flow but continue higher (which is the case the majority of time).
Have a nice evening everyone.
