Another lackluster day at the market as Mr. Market decides not to do very much in the way of movement. It did open lower, but recovered all of its morning losses only to melt down the afternoon hours on anemic low volume. Then at the close the red volume picked up and dropped a bit more in aftermarket trading.
The DOW closed at 13060, down 14.61 or -0.11%. The SP500 closed at 1398, down 0.88 cents or -0.06%. The Russell 2000 did not do as well and closed at 818, down 2.2 points or -0.27%. The small cap are having a tough time keeping up with the large caps and may be the straw that broke the markets back.
WTI oil climbed to 103.12, Brent on the other hand fell from 122.94 earlier to 122.67 in a dull day. The USD finished up the day at a respectable 80.29 and the EUR/USD pair closed down at 1.3061.
SSO closed in after market action at 57.45 recovering from the closing bell at 57.32, SPY closed at 139.60, gold closed at 1630 slipping a point earlier trading, GLD closed at 158.35 and in aftermarket trading fell sharply to 157.98. Unknown what caused GLD and SLV (30.73) to take such a nose dive. (Addendum: SLV recovered to 30.79 and GLD came back up to 158.36)
The 500 at the close.
The DOW at the close.
The Rusell 2000 ($RUT).
The Indexes.
Mini SP futures will be only open for 45 minutes tomorrow after 8:30am Jobs Report.
When the markets decline, there’s no limit to what Wall Street will spend, say or do to make the public stick with the “stocks are a good investment” assumption.
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Written by Gary
