Friends
It was a solid day for stocks with the market averages holding in positive territory throughout the trading session. Tesla was the big winner helping the S&P and Nasdaq move higher. It will be a very busy week of earnings as we have pointed out. Kimberly-Clark cited inflation and supply chain issues as we expected. After the close we get a look at our first big tech name release of the week, as Facebook will report.
As for today, by the close the Dow Jones Industrial was up 64 points to finish the day at 35,741. The S&P 500 was up 21 points to close at 4,566. The Nasdaq Composite Index was up 136 points to close at 15,226. Gold was up $11 to trade at $1,808 per ounce, while oil was down $.27 to trade at $83.49 per barrel WTI.
It is rumored that we will have a tax and spending bill decided on by week end, but we have heard that before so we’ll wait and see. In the meantime it should be a fascinating week of corporate earnings releases. Stay tuned.
Have a nice evening everyone.
