Markets were a little bit calmer today as the bears weren’t able to capitalize on the momentum they had built during the week. Yes, it was the worst week we have seen in a while, but when all is said and done, it could have been worse.
By the close, the Dow Jones Industrial Average was up 28 points to finish the day at $16,943. The S&P was up 2 points to close at 1967. Gold was down $1 to trade at $1338 per ounce, while oil was down $2.26 to trade at $100.67 per barrel WTI.
We saw earnings season get started this week, but it really kicks into gear next week. It will be interesting to see if traders focus on corporate earnings next week or will global macro events grab their attention. Well, for those who were longing for volatility, we did see it return somewhat this week. Let’s see what next week has in store for us.
Have a great weekend everyone.