Friends

Stocks were calmly higher for much of today’s trading session when in the last hour reports of tariffs on Canada and Mexico erased the gains and left the bulls a bit flat footed. But in the final moments stocks moved back into positive territory in some wild trading. Yesterday’s big earnings releases after the close saw big moves in Tesla, IBM, Microsoft, Caterpillar, UPS, and Meta -some good (Meta, Tesla and IBM) some not so good (Caterpillar, UPS and Microsoft). These kind of dramatic share price reactions to earnings releases are more common nowadays.

As for the market averages, by the close the Dow Jones Industrial Average was up 168 points to finish the day at 44,882. The S&P 500 was up 31 points to close at 6,071. The Nasdaq Composite Index was up 49 points to close at 19,681. Gold was up $54 to trade at $2,847 per ounce, while oil was up $1.12 to trade at $73.74 per barrel WTI.

We have Apple reporting after the close today. After those shares fell last week, they have had quite a nice move higher this week. Let’s see what Apple has to say and how the week finishes out tomorrow. It’s been about as crazy a week as I expected. Stay tuned.

Have a nice evening everyone.

Jim