Visit Us At CHJ Wealth Management

Stocks Start The Week On A High Note

May 6, 2024 | Market Commentary

Friends

 

Stocks traded firmly in positive territory for the entirety of today’s trading session as last week’s late rally continued into the new week. Nasdaq was the biggest winner with big tech names leading the way.

 

By the close, the Dow Jones Industrial Average was up 176 points to finish the day at 38,852. The S&P 500 was up 52 points to close at 5,180. The Nasdaq Composite Index was up 192 points to close at 16,349. Gold was up $24 to trade at $2,332 per ounce, while oil was up $.45 to trade at $78.56 per barrel WTI.

 

With no real market moving headlines, stocks seem to move in the path of least resistance. We’ll see if that path is higher this week.

 

Have a nice evening everyone.

Recent Posts

Tech Stocks Continue to Drag Market Lower

Tech Stocks Continue to Drag Market Lower

Dec 17, 2025 |

Friends The weakness in tech/AI stocks continues and the market averages, especially the Nasdaq, continue to lose ground as we get closer to year end. Instead of taking a victory lap the stocks that have been the leaders all year long are now cowering nervously in the...

Stocks Mostly Lower after Employment Data Release

Stocks Mostly Lower after Employment Data Release

Dec 16, 2025 |

Friends This morning’s release of the November non-farm payroll number showed that 64,000 new jobs were added, which was better than analysts had expected. The unemployment rate did tick up to 4.6%, which was actually more than expected. It’s hard to determine if this...

Stocks Soft As Economic Data Looms

Stocks Soft As Economic Data Looms

Dec 15, 2025 |

Friends Today was pretty much the same script we have seen over the past couple of weeks. The AI/big tech names came under selling pressure enough to take the market averages into negative territory. It’s hard to read too much into recent market action as we are so...

© 2026 Carlton, Hofferkamp & Jenks Wealth Management, LLC. All Rights Reserved.
Powered by