Friends
Stocks were mostly quiet today and if you are a bull that might be a good thing. After the rally we have seen in the S&P 500 to erase 2025’s losses, a little pause that refreshes might just be just what the doctor ordered if indeed we are going to challenge February’s highs. Headlines centered mainly around progress being made on the tax and spending (big beautiful) bill in Congress.
By the close, the Dow Jones Industrial Average was down 89 points to finish the day at 42,051. The S&P 500 was up 6 points to close at 5,892. The Nasdaq Composite Index was up 136 points to close at 19,146. Gold was down $66 to trade at $3,181 per ounce, while oil was down $.82 to trade at $62.85 per barrel WTI.
Tomorrow we will get a look at Walmart’s earnings along with the retail sales number. For now, the bulls will continue to try to build a foundation for a move higher this summer.
Have a nice evening everyone.
