The major US stock indices are closing marginally higher in a ho-hum summerlike session. That's okay.
A look at the final numbers shows:
- Dow industrial average up 18.7 points or 0.06% at 33999.03
- S&P index up 9.7 points or 0.23% at 4283.73
- NASDAQ index up 27.23 points or 0.21% at 12965.35
- Russell 2000 up 13.41 points or 0.68% at 2000.72
The Dow industrial average is closing above its 200 day moving average at 33870.48.
The S&P index remains below its 200 day moving average at 4322.87
Energy was the biggest sector today with a gain of 2.5%. Information rose by 0.5%. The biggest loser was real estate which fell by -0.75%. Existing home sales today were weaker than expectations.
For the trading week, the major indices are all on a 4 week win streak. However the NASDAQ index is down around -0.7% for the trading week. The S&P is marginally higher (0.07%). The Dow industrial average is up around 0.6%.
Looking ahead to tomorrow, there are no economic releases in the US. Canada will release their retail sales at 8:30 AM ET.
Tomorrow is option expiration date which can bring on some volatility.