Retail Sales

Friends

A better than expected retail sales number and a decent jobless claims number helped stocks tack on a hundred point Dow gain in early trading. But negative Greece headlines derailed the rally somewhat as stocks then coasted with modest gains into the close.

For the day, the Dow Jones Industrial Average was up 39 points to finish at 18,039. The S&P 500 was up 3 points to close at 2108. Gold was down $5.30 to trade at $1181 per ounce, while oil was down $.75 to trade at $60.68 per barrel WTI.

Bonds rallied bringing the 10 year note back under 2.40%, so we’ll keep an eye on that as we prepare for next week’s Fed meeting. Let’s see how the week wraps up tomorrow.
Have a nice evening everyone.

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