It was another very quiet day of trading in the stock market as market participants seem to be in a wait and see mode this week. We are entering an earnings season, but I think investors are also keeping an eye both on the vaccine rollout progress and the political scene to see how both play out over the next couple of weeks. JP Morgan, Citi and Wells Fargo kick things off on Friday and then next week earnings season begins in full force.
As for today, by the close the Dow Jones Industrial Average was down 8 points to finish the day at 31,060. The S&P 500 was up 8 points to close at 3,809. The Nasdaq Composite Index was up 56 points to close at 13,128. Gold was up $8 to trade at $1,852 per ounce, while oil was down $.26 to trade at $52.95 per barrel WTI.
Financials continue to be strong but we did see a little more support for last year’s winners today with the likes of Apple, Microsoft, Google, and Netflix all doing well. Things might remain somewhat subdued the rest of this week until we move into earnings season next week. Stay tuned.
Have a nice evening everyone.