Here we go into the second half of 2020. It appeared that traders didn’t know which way to go today as the market averages bounced around in a relatively narrow range. We continue to hear of the great reopening running into one Covid19 breakout after another, but besides stocks where can investors turn to receive cash flow from their investments?
As for today, by the close the Dow Jones Industrial Average was down 77 points to finish the day at 25,735. The S&P 500 was up 15 points to close at 3,115. Gold was down $19 to trade at $1,781 per ounce, while oil was up $.53 to trade at $39.80 per barrel WTI.
Today’s somewhat lethargic action might indicate that market participants are a bit exhausted from the first 6 months of 2020, and are looking to get an early start on the 4th of July weekend. Let’s see how the holiday shortened week finishes up tomorrow.
Have a nice evening everyone.