Stocks were quietly in positive territory for the entire trading session today, as global headlines were somewhat muted. After Friday’s rally, today’s calm advance was a welcome follow up. The S&P still has to do some repairs as the bulls would like to recapture the 1950 level, but that can be done over time.
As it was, by the close, the Dow Jones Industrial Average was up 16 points to finish the day at 16,569. The S&P 500 was up 5 points to close at 1936. Gold was down $1 to trade at $1310 per ounce, while oil was up $.26 to trade at $97.91 per barrel WTI.
The economic calendar for the week is light, but we will get Retail Sales on Wednesday, Jobless Claims on Thursday and Industrial Production and Consumer Sentiment on Friday. Most likely, global headlines will be the focus for traders this week. We’ll let you know what transpires.
Have a nice evening everyone.