Friends
Lack of any progress out of Greece (yes, I know you’re tired of hearing about Greece, and I’m tired of mentioning it) seemed to weigh on traders as stocks turned early morning gains into afternoon losses. Again, it’s not that Greece in itself is that important, but it’s the contagion that it could cause that gives market participants pause (rhyme intended).
Whatever the reason, by the close the Dow Jones Industrial Average was down 75 points to finish the day at 17,890. The S&P 500 was down 6 points to close at 2102. Gold was down $1 to trade at $1172 per ounce, while oil was down $.62 to trade at $59.65 per barrel WTI. The 10 year Treasury note traded at a yield of 2.40%, which was slightly higher than yesterday.
Just has been the case all year, we seem to be slumping into month end. Once again, the Dow is drifting back towards the break-even point for the year. Let’s see how the week ends tomorrow as we near the midway point of the year.
Have a nice evening everyone.
