Friends
The markets remained jittery today as traders continue to wait to see if the United States is going to take action against Syria. Stocks spent most of the trading session in negative territory, though the bulls made a couple of half -hearted efforts to rally the troops only to be beaten back by the bears.
By the close, the Dow Jones Industrial Average was down 218 points to finish the day at 24,189. The S&P 500 was down 14 points to close at 2,642. Gold was up $8 to trade at $1,354 per ounce while oil was up $1.20 to trade at $66.71 per barrel WTI.
On the economic front, the CPI number came in as expected, not as hot as yesterday’s PPI number, which basically left bonds unchanged and continues to question the inflation fears of early February. The markets are now in the hands of global events and politics. Let’s see if anything happens overnight. Stay tuned.
Have a nice evening everyone.
