Despite more encouraging news on the vaccine front, stocks were struggling through the early part of the trading session. But, as the day wore on, the bulls got a little more interested and by the close stocks had posted decent gains. The big move was in the big growth names which had been left behind last week. Back on top, were the usual suspects, Microsoft, Apple, Google, Tesla and Amazon, as they pushed the Nasdaq up nearly 3% at one point.
By the close, the Dow Jones Industrial Average was up 8 points to finish the day at 26,680. The S&P 500 was up 27 points to close at 3,251. Gold was up $8 to trade at $1,818 per ounce, while oil was up $.16 to trade at $40.75 per barrel WTI.
Earnings season swings into full gear this week and next, so we’ll be keeping an eye on what companies have to say about the coming months. This week we’ll hear from IBM, Coca-Cola, AT&T, Verizon, Intel, Union Pacific, Amazon, Microsoft, Tesla, Lockheed Martin, and the beleaguered Schlumberger- just to mention a few. Stay tuned for a busy week. We’ll keep you up to date of all proceedings.
Have a nice evening everyone.