Friends
Market participants still don’t appear too concerned about the government shutdown as stocks once again moved quietly higher in today’s trading session. Maybe no news will be good news with regards to government economic data. I guess you can’t have a negative reaction if you don’t have any data to react to. Normally we’d be focused on tomorrow’s non-farm payroll number. As of this writing it appears we will not be getting that data.
As for today, by the close the Dow Jones Industrial Average was up 78 points to finish the day at 46,519. The S&P 500 was up 4 points to close at 6,715. The Nasdaq Composite Index was up 88 points to close at 22,844. Gold was down $16 to trade at $3,881 per ounce, while oil was down $1.21 to trade at $60.57 per barrel WTI.
For the moment, the bulls continue to hold the high ground as they have for most of the summer and early fall. With or without government data, we will be entering corporate earnings season in coming weeks, but for now, let’s see how the week finishes out tomorrow.
Have a nice evening everyone.
