The Bulls are winning for the second day in a row. Can they hold on?
Currently, the Dow is up 68 points at 10,253. The NASDAQ and S&P are up 8 points each as well.
Tech is the weakest. Retailers seem to be relatively unaffected by today’s Redbook numbers, and energy is a mixed bag. The financials? Depends on which company you’re looking at today.
After gaining for several days, silver is on the downturn slightly, down two cents to $16.65 an ounce. Gold continues to climb, gaining $8.80 to settle at $1114.
Oil is up $1.26 a barrel to $75.70. Natural gas futures are slightly down.
Softs are the only commodies doing poorly so far. Cocoa and cotton futures are down 1.5% each.
(Disclosure: the author has a position in silver)
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See Also:
- Dow Closes Up Over 110 Points, Huge Day For Gold
- Who Needs Gold As An Inflation Hedge When You’ve Got Coke?
- T. Boone Pickens Hates Natural Gas This Year