Stocks Have Remarkable Turnaround

Friends

Despite one unnerving coronavirus headline after another, stocks actually fought off all the worries and concerns to end higher for the day. The headlines were taking effect throughout the trading session, sending stocks lower wave after wave with the Dow down by 244 points at its worst, but buyers seemed to appear from nowhere to push the market averages higher.

For the day, the Dow Jones Industrial Average was up 124 points to finish the day at 28,859. The S&P 500 was up 10 points to close at 3,283. Gold was up $6 to trade at $1,582 per ounce, while oil was down $.61 to trade at $52.72 per barrel WTI.

Amazon just reported after the close and looks to have hit it out of the park. We’ll see how that plays out tomorrow along with the impeachment proceedings and the virus concerns. Stay tuned.

Have a nice evening everyone.

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