Friends
Given the headlines overnight it wasn’t a surprise that stocks were down and oil prices were up for the trading session. It’s also not a surprise that things got worse as the day wore on given that no one really knows what might transpire over the weekend.
For the day, the Dow Jones Industrial Average was down 769 points to close at 42,197. The S&P 500 was down 68 points to finish the day at 5,976. The Nasdaq Composite Index was down 255 points to close at 19,406. Gold was up $51 to trade at $3,454 per ounce, while oil was up $5.66 to trade at $73.70 per barrel WTI.
Just when the bulls appeared to be comfortably entrenched on the high ground, global disruption descends upon the markets. For investors, we know the drill. Stay calm and see how this all plays out. As always when it comes to our investment plan, never let emotion enter the equation.
Have a great weekend everyone, and Happy Father’s Day to all you fathers out there.
