Friends
Before we talk about today’s action, I just wanted to let you know that I will be out of the office for the next several days but Scott, John, Hunter, Barb and Lelia will be around if you need anything, and we’ll be sending a brief update each day also.
As for today’s action, despite some juicy earnings reports, stocks struggled to find any traction, and on this last trading day of the month, the market averages ended in the red. It was a very busy week for corporate earnings, and as mentioned, for the most part things have gone well. But, after the earlier in the week fireworks, market participants seemed to be a bit out of gas as the week came to a close.
For the day, the Dow Jones Industrial Average was down 40 points to finish the day at 20,940. The S&P 500 was down 4 points to close at 2,384. Gold was up $3 to trade at $1,269 per ounce, while oil was up $.13 to trade at $49.10 per barrel WTI.
Once again, we have another busy week of earnings coming up, and we might have news on the political front with regards to health care and taxes. April ended up being slightly positive for stocks after a slow start. Let’s see how May unfolds.
Have a great weekend everyone.
