Friends

By now I am sure you are aware that the United States bombed Iranian underground nuclear sites this weekend and that Iran kind of “retaliated” today. Did stocks crumble? Did oil prices soar to $100 per barrel. Umm no. Stocks were mostly quiet before today’s Iranian missile strike but rallied after it basically turned out to be much ado about nothing – again. Oil prices moved higher overnight but plummeted after the Iranian response today. So basically, the markets did just what you expected when you went to bed Saturday night.

By the close, the Dow Jones Industrial Average was up 374 points to finish the day at 42,581. The S&P 500 was up 57 points to close at 6,025. The Nasdaq Composite Index was up 183 points to close at 19,630. Gold was up $8 to trade at $3,394 per ounce, while oil was down $5.06 to trade at $68.78 per barrel WTI.

Wow, what a start to what could be a wild week for the markets. Buckle up as we try to navigate our way into the end of the quarter.

Have a nice evening everyone.