Friends
Stocks tried to go down today, they really did. For a good portion of the trading session, the bears had the upper hand. Worries about the coronavirus, people eating bats and stock valuations had the bulls backing away from the table. But, as the trading session wore on, the dip buyers once again emerged and most of the day’s losses were erased.
By the close, the Dow Jones Industrial Average was down 26 points to finish the day at 29,160. The S&P 500 was up 3 points to close at 3,325. Gold was up $5 to trade at $1,561 per ounce, while oil was down $1.17 to trade at $55.57 per barrel WTI.
We’ve already seen decent corporate earnings reports so far, and that will all ramp up next week when we get a look at earnings from the likes of 3M, Amgen, Apple, Lockheed Martin, McDonalds, Starbucks, Microsoft, General Dynamics, Visa, and Pfizer – and that’s just Monday and Tuesday. First let’s see how this week ends tomorrow.
Have a nice evening everyone.
