Friends
The first week of December continues to be somewhat of a wash with regards to the markets and any significant moves. Stocks were lower today as buyers were basically nowhere to be found. Market participants will be focused on tomorrow’s non-farm payroll report. Estimates are for about 200,000 new jobs to have been created in November.
As for today, by the close the Dow Jones Industrial Average was down 248 points to finish the day at 44,765. The S&P 500 was down 11 points to close at 6,075. The Nasdaq Composite Index was down 34 points to close at 19,700. Gold was down $22 to trade at $2,653 per ounce, while oil was down $.03 to trade at $68.51 per barrel WTI.
We probably need to get past tomorrow’s jobs number and next week’s inflation data before we can determine if we’ll be seeing a Santa Clause rally into year end. Let’s see how this week finishes out tomorrow. Stay tuned.
Have a nice evening everyone.
Jim
