Friends
As I expected, a robust, issue driven, civil debate would lead to a nice rally at open this morning. I’ll just pause there for a moment. Anyway, stocks rallied on hopes that Steve Mnuchin and Nancy Pelosi would get along better than the candidates in last night’s debate and be able to craft a stimulus bill today. Well, that didn’t happen and stocks surrendered much of their early gains late in the trading session. But, by the close the month and the quarter did end on a high note.
For the day, the Dow Jones Industrial Average was up 329 points to finish the day at 27,781. The S&P 500 was up 27 points to close at 3,363. The Nasdaq Composite Index was up 82 points to close at 11,167. Gold was down $10 to trade at $1,892 per ounce, while oil was up $.79 to trade at $40.08 per barrel WTI.
Three quarters of this “eventful” year are behind us. One to go. God help us.
Have a nice evening everyone.
