Friends
We didn’t see any follow through on yesterday’s selloff in stocks today, as market participants did not appear to be overly concerned going into a 3-day weekend. Despite yesterday’s plunge stocks suffered minor damage for the week after all was said and done.
By the close, the Dow Jones Industrial Average was up 4 points to finish the day at 39,069. The S&P 500 was up 36 points to close at 5,304. The Nasdaq Composite Index was up 184 points to close at 16,920. Gold was down $3 to trade at $2,333 per ounce, while oil was up $.88 to trade at $77.75 per barrel WTI.
As the school year comes to an end and folks begin to head off on vacation, stocks often become somewhat uninteresting during the dog days of summer. Of course, we will see how things play out but unless there are some dramatic headlines in the coming weeks, maybe we will see an uneventful market develop this summer. You go and have great vacations and enjoy the family. We’ll be here to keep you up to date while you’re at the beach or around the pool with that umbrella drink in your hand.
Have a great Memorial Day weekend everyone.
