Friends

The bulls had a nice rally going most of the trading session but ran out of gas late in the day. The banks and chipmaker shares led the way higher as we continue to see both sectors seesaw back and forth on a daily basis. But so far so good with regards to corporate earnings. Of course, how shares react after the earnings release tells us how accurately the shares were priced going into earnings season. 

By the close, the Dow Jones Industrial Average was up 292 points to finish the day at 49,442. The S&P 500 was up 17 points to close at 6,944. The Nasdaq Composite Index was up 58 points to close at 23,530. Gold was down $25 to trade at $4,610 per ounce, while oil was down $3.07 to trade at $58.95 per barrel WTI.

As I mentioned, we will get earnings reports from many of the biggest names in the next couple of weeks. First, let’s see how the week finishes out tomorrow.

Have a nice evening everyone.