Friends
Despite more tariff threats over the weekend stocks began the week on a positive note. As market participants continue to look past the tariff noise we now begin to head into earnings season. Starting tomorrow we will begin to hear from the big banks with JP Morgan Chase leading the way. The onslaught of earnings reports will be upon us over the next few weeks.
As for today, by the close the Dow Jones Industrial Average was up 88 points to finish the day at 44,459. The S&P 500 was up 8 points to close at 6,268. The Nasdaq Composite Index was up 54 points to close at 20,640. Gold was down $7 to trade at $3,357 per ounce, while oil was down $1.36 to trade at 67.09 per barrel WTI.
Fed Chair Powell is still in President Trump’s crosshairs as the President seems to be looking for some way to get rid of the Fed Chair. If that would come to fruition, and I still don’t think it will, then the markets would have something else to deal with. In the meantime, let’s focus on corporate America and see how earnings season unfolds. Stay tuned.
Have a nice evening everyone.
