By the looks of this week’s trading action, one might think that we were in the dog days of summer. There has been almost no movement in prices this week and bonds seem to have settled down a bit also. Today saw the market averages hug the flat line for most of the session, as no market moving economic data or rumor was to be found.
By the close, the Dow Jones Industrial Average was up 1 point to finish the day at 18,286. The S&P 500 was up 5 points to close at 2130. Gold was down $3 to trade at $1205 per ounce, while oil was up $1.71 to trade at $60.69 per barrel WTI.
With the Memorial Day three day weekend upon us, tomorrow should be another quiet day in terms of trading, as Wall Streeters will be heading out early, if they come in at all. We’ll let you know if something/anything happens.
Have a nice evening everyone.