Friends,

Well, here we go- the first day of June. Can you believe it? Anyway, there were a lot of mixed messages from the President today with regards to the peace talks with Iran. Market participants appeared cautious for most of the day, but the bulls decided to ignore the confusion and pushed the market averages higher at the end of trading.

By the close, the Dow Jones Industrial Average was up 46 points to finish the day at 51,078. The S&P 500 was up 19 points to close at 7,599. the Nasdaq Composite Index was up 114 points to close at 27,086. Gold was down $79 to trade at $4,513 per ounce, while oil was up $5.10 to trade at $92.45 per barrel WTI.

It was surprising that stocks were able to move higher, albeit modestly, given the rise in oil prices. But as we have seen, stocks have been able to ignore headwinds in recent months and continue to push higher. Let’s see what unfolds this week. Stay tuned.

Have a nice evening everyone.

Jim