Friends
Finally, the big tech names are taking a little breather while the rest of the market attempts to participate in what has been a decent rally for stocks. Today, Nasdaq tumbled while the sleepy Dow Jones Industrial Average was up. It’s probably a good thing that the big names finally pause, and if the bulls are going to have any fun in the second half of the year the rest of the market is going to have to join the party.
By the close, the Dow Jones Industrial Average was up 92 points to finish the day at 33,666. The S&P 500 was down 16 points to close at 4,267. The Nasdaq Composite Index was down 171 points to close at 13,104. Gold was down $24 to trade at $1,957 per ounce, while oil was up $.83 to trade at $72.57 per barrel WTI.
Small Cap stocks which had been left for dead are finally bouncing, so as I said it is good to see some other parts of the market get involved. In the meantime, let’s see how the week continues to unfold. So far, it’s been pretty quiet.
Have a nice evening everyone.
