Friends

A strong earnings release from the tech sector helped push the Nasdaq higher and provide enough fuel for stocks in general to experience another record day. Interest rates continue to ease off a bit and oil prices have settled for the moment providing a backdrop for the bulls to keep pushing the market averages higher.

By the close, the Dow Jones Industrial Average was up 24 points to finish the day at 50,668. The S&P 500 was up 43 points to close at 7,563. The aforementioned Nasdaq Composite Index was up 242 points to close at 26,917. Gold was up $49 to trade at $4,530 per ounce, while oil was up $.59 to trade at $89.27 per barrel WTI.

Giant retailer Costco reports after the closing bell today. This week we saw good reports from Kohls and Best Buy to name a couple. Let’s see what Costco has to say and how the week finishes up tomorrow.

Have a nice evening everyone.