Stock futures freaked out last night when reports of the trade talks breaking down sent those futures decisively lower, but within a short period of time those reports were somewhat dismissed and stocks looked only slightly negative at the open of trading this morning. When it was announced that the President was going to meet with officials on Friday, stocks rallied and remained higher into the close. Once again, headlines and tweets (never gets old- well actually yes it’s getting very old).
Anyway, for the day the Dow Jones Industrial Average was up 150 points to close at 26,496. The S&P 500 was up 18 points to finish the day at 2,938. Gold was down $14 to trade at $1,498 per ounce, while oil was up $1.11 to trade at $53.70 per barrel WTI.
The 4th quarter Outlook is attached. Enjoy, and let’s see how the week finishes out tomorrow.