Friends
Stocks were a bit soft once again today as market participants seem concerned about the Delta Variant, Congress’ spending and taxing negotiations and seasonal weakness in general. It’s always interesting to see how yesterday’s winners are today’s victims while yesterday’s losers showed strength today. The rotations go on and on.
As for today, by the close the Dow Jones Industrial Average was down 68 points to finish the day at 35,031. The S&P 500 was down 5 points to close at 4,514. The Nasdaq Composite Index was down 87 points to close at 15,286. Gold was down $7 to trade at $1,791 per ounce, while oil was up $.98 to trade at $69.33 per barrel WTI.
The JOLTs number showed another record number of job openings (in July), as we seem to have a disconnect between the folks who are out of work and employers who desperately need help. There is a lot on our plate between now and the end of the year. We need to get through this seasonally challenging period and perhaps we can tee up an end of the year rally. Stay tuned.
Have a nice evening everyone.
