Another very quiet day for the stock market. Despite the mix of some good and not so good earnings from selected retailers, in addition to some distinctly positive housing data, traders seemed unable to generate any interest on the buy or sell side of the ledger.
By the close, the Dow Jones Industrial Average was up 13 points to finish the day at 18,312. The S&P 500 was down 1 point to close at 2127. Gold was down $20 to trade at $1207 per ounce, while oil was down $2.17 to trade at $57.30 per barrel WTI.
Bonds sold off on the good housing data this morning as it looks like the 10 year Treasury note has found a new, albeit lower trading range (higher yield range). We get last months Fed minutes tomorrow, so perhaps market participants can find something in them to obsess over. We’ll let you know how the week continues. So far, it has been very uneventful.
Have a nice evening everyone.