Stocks Rally Despite Oil Tanker News

Friends

Once again, it was a somewhat quiet day for stocks, but this time with an upward bias. News of an oil tanker attack in the Middle East sent oil prices higher, but surprisingly did not send stock prices lower. On the economic front the weekly jobless claims number was about as expect and we’ll get a look at retail sales tomorrow.

As for today, by the close the Dow Jones Industrial Average was up 102 points to finish the day at 26,106. The S&P 500 was up 11 points to close at 2,891. Gold was up $8 to trade at $1,344 per ounce, while the aforementioned oil was up $1.06 to trade at $52.20 per barrel WTI.

It’s been somewhat of a mixed week for stocks after last week’s gains. Let’s see how the week finishes out tomorrow.

Have a nice evening everyone.

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