Above the fold
Stocks Take A Breather
Independent Investment Management designed to protect and grow your wealth.
JIM CARLTON
Managing Director
Chief Investment Officer
Friends
Not surprisingly, after yesterday’s earnings driven rally, stocks took a bit of a breather today after a somewhat disappointing retail sales number was released before the opening bell. As mentioned, we are just getting started with regards to earnings reports (Bank of America added to the decent reports from large banks), and after the close we’ll hear from Netflix, IBM and CSX.
For the day, the Dow Jones Industrial Average was down 22 points to finish the day at 27,001. The S&P 500 was down 5 points to close at 2,989. Gold was up $9 to trade at $1,493 per ounce, while oil was up $.50 to trade at $53.31 per barrel WTI.
We’ll continue to keep an eye out on all the earnings reports that will be rolling out over the next few weeks. Stay tuned.
Have a nice evening everyone.
Jim