Friends

With some help from easing bond yields, stocks had another nice trading session. Market participants continue to push the market averages higher, choosing to ignore all the noise from Iran, until something happens one way or the other. Rising interest rates has been the most recent headwind, and we’ve seen bond yields move back down just a bit over the past couple of days.

As for today, by the close the Dow Jones Industrial Average was up 294 points to finish the day at 50,579. The S&P 500 was up 27 points to close at 7,473. The Nasdaq Composite Index was up 50 points to close at 26,343. Gold was down $30 to trade at $4,512 per ounce, while oil was up $.25 to trade at $96.60 per barrel WTI.

It’s hard to say what might happen over the holiday weekend with regards to Iran, but for now market participants are focused on good corporate earnings and the bond market. For the moment, the bulls are firmly entrenched on the high ground.

Have a great Memorial Day Weekend everyone.