The Dow fell 146 points to the downside directly following the president's announcements, but a furious late-session rally brought it to a positive close.
Closing the book on the Obama administration's failed agreement with Iran, Trump plans to re-impose sanctions on Iran while working toward a more complete and lasting solution. while some panicky sellers showed their weak hands, short-covering picked up the pieces and left the markets just about where they started.
Outside of venal day-traders with some well-honed timing skills, nobody makes much on days like this, with volume hitting extremely low levels.
Dow Jones Industrial Average May Scorecard:
Date | Close | Gain/Loss | Cum. G/L |
5/1/18 | 24,099.05 | -64.10 | -64.10 |
5/2/18 | 23,924.98 | -174.07 | -238.17 |
5/3/18 | 23,930.15 | +5.17 | -233.00 |
5/4/18 | 24,262.51 | +332.36 | +99.36 |
5/7/18 | 24,357.32 | +94.81 | +194.17 |
5/8/18 | 24,360.21 | +2.89 | +197.06 |
At the Close, Tuesday, May 8, 2018:
Dow Jones Industrial Average: 24,360.21, +2.89 (+0.01%)
NASDAQ: 7,266.90, +1.69 (+0.02%)
S&P 500 2,671.92, -0.71 (-0.03%)
NYSE Composite: 12,520.25, +0.50 (0.00%)
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