Surprising Upward Move For Stocks

Friends

Despite continued concerns about the coronavirus, and stocks plummeting on the first day of trading in China after the Lunar New Year holidays, the market averages here in the U. S traded in positive territory for the entire session. Beware of false headlines and pundits telling you how this will all unfold. No one knows, and right now it’s somewhat of a day by day situation.

As for today, by the close the Dow Jones Industrial Average was up 143 points to finish the day at 28,399. The S&P 500 was up 23 points to close at 3,248. Gold was down $7 to trade at $1580 per ounce, while oil was down $1.52 to trade at $50.04 per barrel WTI.

As mentioned, it’s going to be day by day with the coronavirus, plus we’ll have politics and more corporate earnings reports to deal with this week, including Google (Alphabet) after the close today. Stay tuned, it’s going to be a busy week.

Have a nice evening everyone.

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