Friends
The stock market seems determined to give back all the hard earned gains from October and early November. Indeed, since the surprisingly good jobs report, we have experienced nothing but falling share prices. One might almost conclude that market participants are determined to have their voices heard with regards to the Fed’s potential plan for lift off in December.
As for today, by the close the Dow Jones Industrial Average was down 254 points to finish the day at 17,447. The S&P 500 was down 29 points to close at 2045. Gold was mostly unchanged to trade at $1084 per ounce, while oil was down $1.34 to trade at $41.59 per barrel WTI.
Once again despite or because of the potential rate hike in December combined with a disappointing environment for the retail sector, stocks continue to be under pressure. Let’s see if the bulls are willing to step up and do some bargain hunting before the week comes to a close tomorrow.
Have a nice evening everyone.
