Stocks did little today on this last day of October. Volatility was almost non-existent as traders continue to sort through the plethora of earnings releases. Speaking of earnings, this is another busy week which will be highlighted by reports from Facebook tomorrow and Apple on Thursday. So far, tech has been a shining star in this earnings season.
As for today, by the close the Dow Jones Industrial Average was up 28 points to finish the day at 23,377. The S&P 500 was up 2 points to close at 2,575. Gold was down $6 to trade at $1,271 per ounce, while oil was up $.27 to trade at $54.42 per barrel WTI.
It was another good month for stocks. We have said that a lot so far this year. Of course not all stocks are doing well, but the enormous move to passive index investing continues to push the market averages higher. We have two more months to go in the year, and it will be interesting to see if anything can deter the bulls. Earnings seem to be providing a bit of a tailwind for stocks as we head into the home stretch of the year. Stay tuned.
Have a nice evening everyone.