Stocks struggled today after a weekend of social media fallout and likely just some overdue profit taking. There were some winners though as banks, energy and retailers all fared well, while big tech struggled.
By the close, the Dow Jones Industrial Average was down 89 points to finish the day at 31,008. The S&P 500 was down 25 points to close at 3,799. The Nasdaq Composite Index was down 165 points to close at 13,036. Gold was up $11 to trade at $1,847 per ounce, while oil was down $.20 to trade at $52.04 per barrel WTI.
Despite the coming fiscal stimulus, there is bit of a cloud over the markets at the moment with all the political theater investors have had to grapple with in the last week. Let’s see if those clouds clear or will we have a bit of a struggle on our hands for the time being?
Have a nice evening everyone.