Friends
Being the last day of the quarter, it appeared that traders had already packed it in for the weekend. Trading was light and volatility virtually nonexistent. The market averages floated mainly near the breakeven level for most of the trading session. Near the close, stocks did drift into negative territory as buyers all but disappeared.
By the close, the Dow Jones Industrial Average was down 65 points to finish the day at 20,663. The S&P 500 was down 5 points to close at 2,362. Gold was up $2 to trade at $1,250 per ounce, while oil was up $.34 to trade at $50.69 per barrel WTI.
Though March was mostly flat, it was a good quarter for stocks in general. Big names like Apple, Amazon and Alphabet (Google) led the way higher and were big movers in the market averages. We’ll have more to say about the 1st quarter in our outlook piece that will be available soon. In the meantime, let’s see how the 2nd quarter of the year kicks off next week.
Have a great weekend everyone.
