Friends

Well, the bulls really did make an effort to add to yesterday's gains, but in the end, it was somewhat of a mixed bag. Oil prices did back off a little, but bond yields moved back up a tick. All in all, it was an uneventful day.

By the close, the Dow Jones Industrial Average was down 95 points to finish the day at 51,682. The S&P 500 was up 12 points to close at 7,650. The Nasdaq Composite Inex was up 104 points to close at 26,522. Gold was up $20 to trade at $4,419 per ounce, while oil was down $2.04 to trade at $99.87 per barrel WTI.

It’s been a challenging couple of weeks for stocks, but at the moment, the S&P 500 is only down a little more than 2% from its all-time high. So, despite some severe headwinds stocks are showing resilience. Let’s see if that continues next week.

Have a great weekend everyone.

Jim