Stocks were mixed today as earnings from major Dow components were also mixed. Nevertheless, over 70% of the companies that have reported earnings thus far have exceeded analyst’s expectations. Traders continued to keep an eye on news from the Middle East and Ukraine, but earnings are front and center for the moment.
By the close, the Dow Jones Industrial Average was down 26 points to close at 17,086. The S&P 500 was up 3 points to finish the day at 1987. Gold was down $1 to trade at $1305 per ounce, while oil was up $.62 to trade at $103.01 per barrel WTI.
On the economic front we get the weekly jobless claims tomorrow, as well as PMI Manufacturing Index and New Home Sales. On the earnings front the deluge continues throughout the week, so there is a lot to chew on for traders. We’ll let you know how things play out.
Have a nice evening everyone.