Friends

Things got a little messier today as the Dow and the S&P lost ground while the Nasdaq posted a small gain. Bank stocks finally cooled off, and the oils have struggled after Monday’s reactionary gains. The president declaring that he won’t permit defense companies to issue dividends or buy back company stock wasn’t on my bingo card, and that didn’t help with market sentiment today.

By the close, the Dow Jones Industrial Average was down 466 points to finish the day at 48,996. The S&P 500 was down 23 points to close at 6,920. The Nasdaq Composite Index was up 37 points to close at 23,584. Gold was down $27 to trade at $4,468 per ounce, while oil was down $.89 to trade at $56.24 per barrel WTI.

If you get a chance, check out our new and improved website by clicking here CHJ. We have been working hard to create a website that will contain helpful content for visitors and clients alike. Let us know what you think. In the meantime, it feels like volatility is beginning to pick up. Let’s see how the rest of the week plays out.

Have a nice evening everyone.