Friends
Despite Dow component Boeing’s attempt to drag stocks down, the market averages worked hard to produce decent gains on this first day of a very busy earnings week. Yes, Boeing continues to struggle with the 737 Max story, but corporate earnings should set the tone as the week unfolds.
For the day, the Dow Jones Industrial Average was up 57 points to close at 26,827. The S&P 500 was up 20 points to finish the day at 3,006. Gold was down $8 to trade at $1,485 per ounce, while oil was down $.27 to trade at $53.51 per barrel WTI.
As mentioned, corporate earnings will take center stage this week as we’ll hear from McDonalds, Chipotle, Kimberly Clark, United Technologies, Lockheed Martin, Harley Davidson, Eli Lilly, Boeing, Caterpillar, 3M, Amazon, Southwest Airlines, Intel, and Procter & Gamble-just to mention a few. Buckle up, we’re going to get a good look under the hood of corporate America.
Have a nice evening everyone.
