Friends
As corporate earnings reports begin to rollout, we are simultaneously seeing a little weakness in the market averages. Today we saw strength in the staples and pharmaceuticals, but most everything else was mainly left behind. Early returns have basically been good, but as we always wonder, how much of the good news is already priced in?
As for today, by the close the Dow Jones Industrial Average was down 256 points to finish the day at 33,821. The S&P 500 was down 28 points to close at 4,134. The Nasdaq Composite Index was down 128 points to close at 13,786. Gold was up $7 to trade at 1,778, while oil was down $.77 to trade at $62.61 per barrel WTI.
We are expecting the verdict form the Chauvin/Floyd trial after the close today, so all eyes will be on that. Let’s hope whatever the outcome, cooler heads prevail. We’ll let you know how things play out tomorrow.
Have a nice evening everyone.
