Friends
Leading into Janet Yellen’s speech at Jackson Hole, Wyoming tomorrow, today’s better than expected durable goods order showed signs of life in the manufacturing sector. Of course, not this nor anything else seemed to be of any interest to traders. Stocks did virtually nothing for the entire trading session as the market averages simply drifted along in slightly negative territory throughout the day.
By the close, the Dow Jones Industrial Average was down 33 points to finish the day at 18,448. The S&P 500 was down 2 points to close at 2172. Gold was down $3 to trade at $1,326 per ounce, while oil was up $.54 to trade at $47.31 per barrel WTI.
Traders have been waiting all week for the Fed Chair’s speech tomorrow. Let’s hope it was worth the wait (I doubt it).
Have a nice evening everyone.
