Friends
Well, the bulls seem to have the upper hand at the moment as they charge towards the earlier in the year highs. Stocks got off to a good start today, and things got better for the bulls as the session wore on. It wasn’t so much the tech and momentum darlings today as the Dow sported the best gains with Boeing, DowDuPont, United Health Group, Caterpillar, McDonalds, Goldman Sachs and JP Morgan Chase leading the way.
By the close, the Dow Jones Industrial Average was up 346 points to finish the day at 25,146. The S&P 500 was up 23 points to close at 2,772. Gold was down $1 to trade at $1,301 per ounce, while oil was down $.49 to trade at $65.03 per barrel WTI.
The 10 year Treasury note continues to climb back towards the 3% level after dipping below 2.80 last week, which indicates that economic data might be making believers of market participants. With G7 and the North Korean Summit coming up, not to mention a FOMC meeting, we should have some interesting days ahead of us.
Have a nice evening everyone.
