The bulls waited around for most of the trading session to see what the bears’ next move was going to be, but the bears seemed to be content with the disruption they caused on Wednesday and Thursday. Finally, in the last hour of trading, the bulls decided to do a little “bargain” hunting. Overall though, it was a very quiet session.
By the close, the Dow Jones Industrial Average was up 44 points to finish the day at 16,491. The S&P 500 was up 7 points to close at 1877. Gold was down less than a dollar to trade at $1293 per ounce, while oil was up $.61 to trade at $102.11 per barrel WTI.
It was another volatile week of trading, but in the end we really, once again, haven’t gotten anywhere. Yeah, the bears did stir things up a bit, but when all is said and done, we are just about right back to where the year began. Let’s see how things unfold next week.
Have a great weekend everyone. Enjoy the great weather.