Friends
Stocks lingered in negative territory for just about the entire trading session, but the bulls came with a final push to move the market averages slightly into positive territory and register another record close. After the run that we have had to the upside, a pause to refresh might be somewhat welcome at this point. But the poor bears. They were pretty fired up early in the session, but they just couldn’t muster enough selling pressure to break the bulls spirit.
By the close, the Dow Jones Industrial Average was up 11 points to finish the day at 20,821. The S&P 500 was up 3 points to close at 2,367. Gold was up $6 to trade at $1,258 per ounce, while oil was down $.41 to trade at $54.03 per barrel WTI.
Notching the 11th straight up day for the Dow, the bulls still hold the high ground as we near the close of February. Stocks continue to react to comments from the White House that have to do with tax reform, but other than that, there really hasn’t been any catalyst to move stocks for the past few days. Let’s see what next week has in store.
Have a great weekend everyone.
