Friends
Only the Dow struggled to reach positive territory in today’s trading session as the S&P and the Nasdaq both continued to push higher. The AMD chip deal with Open AI helped drive the gains in the Nasdaq. There was also a regional bank deal with Fifth Third Bancorp buying Comerica. So, despite the lack of government released economic data, market participants are still getting bullish surprises from companies.
By the close, the Dow Jones Industrial Average was down 63 points to finish the day at 46,694. The S&P 500 was up 24 points to close at 6,740. The Nasdaq Composite Index was up 161 points to close at 22,941. Gold was up $78 to trade at $3,986 per ounce, while oil was up $.92 to trade at $61.80 per barrel WTI.
Though stocks have continuously moved higher in recent months, it has been in an orderly manner. Yes, there are a few wild situations that arise on a day-to-day basis, but the market averages have simply grinded higher. That’s good news, I think.
Have a nice evening everyone.
