Friends

The bulls took a breather today (might not be a bad thing) as stocks finished the week on a down note. But, in general it was a good week for stocks, and the bulls continue to hold the high ground. Next week we have the Federal Reserve coming together for the FOMC meeting and we also have a whirlwind of corporate earnings releases.

As for today, by the close the Dow Jones Industrial Average was down 140 points to finish the day at 44,424. The S&P 500 was down 17 points to close at 6,101. The Nasdaq Composite Index was down 99 points to close at 19,954. Gold was up $15 to trade at $2,780 per ounce, while oil was down $.01 to trade at $74.61 per barrel WTI.

As for those corporate earnings releases, buckle up because next week we are going to hear from Apple, Microsoft, Meta, Tesla, Chevron, Exxon, Caterpillar, General Dynamics, General Motors, Boeing, Starbucks, AT&T, Clorox, Dow, Visa, Mastercard, UPS, AbbVie, Colgate, and Lockheed Martin, just to name a few. With a Fed meeting and major corporate earnings releases it’s likely to be a very interesting week ahead. Stay tuned.

Have a great weekend everyone.

Jim