Friends
Stocks leaned higher today as we enter a busy week for corporate earnings. Today, market participants were pleased with Verizon’s release. As the week unfolds, we will hear from Coca-Cola, Lockheed Martin, Baker Hughes, Halliburton, Alphabet (Google), Tesla, IBM, AT&T, Honeywell, Southwest Airlines, Dow, and Union Pacific, just to name a few. Next week will be just as jam packed with releases from Meta, Microsoft, Visa, United Health, Procter & Gamble, Merck, Starbucks, Apple, Amazon, Mastercard, AbbVie, Shell, Exxon, Chevron, and many more. It should be an interesting next couple of weeks.
As for today, by the close the Dow Jones Industrial Average was down 19 points to finish the day at 44,323. The S&P 500 was up 8 points to close at 6,305. The Nasdaq Composite Index was up 78 points to close at 20,974. Gold was up $53 to trade at $3,411 per ounce, while oil was down $.31 to trade at $67.03.
In addition to earnings season, market participants are preparing for next week’s Fed meeting. As you know there is a lot of pressure on the Fed Chair at the moment, so this will be a very interesting meeting to watch. We’ll keep you posted as the things unfold. Stay tuned.
Have a nice evening everyone.
