THe Halfway Point


The final trading session of the quarter was similar to many of the other trading sessions of the quarter- mostly quiet and calm. Stocks spent most of the session in negative territory, but it seemed likely attributable to the lack of desire by traders to make any commitments on this last day of the quarter.

By the close, the Dow Jones Industrial Average was down 25 points to finish the day at 16,826. The S&P 500 was down less than a point to close at 1960. Gold was up $7 to trade at $1327 per ounce, while oil was down $.35 to trade at $105.39 per barrel WTI.

For a holiday shortened week, this one is filled with economic data points. Tomorrow, we get the PMI Manufacturing Index, the ISM Manufacturing Index and Construction Spending. On Wednesday we get Factory Orders, and on Thursday (the final trading session of the week) we get Weekly Jobless Claims, PMI Services Index, ISM Non-Manufacturing Index and the all-important Non-Farm Payroll report. Let’s see how the new quarter starts and how the markets react to all of this data.

Have a nice evening everyone.

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