Friday, October 25, 2019

Amazon Misses, Gold, Silver Bid

Even more sloshing around as the week progresses. The Dow traded in a range of just 217 points, ramping back and forth across the unchanged line.

All other indices saw gains, although they were slight. The NASDAQ topped the list with nearly a one percent rise.

Within an hour of the opening bell Friday, Amazon (AMZN) reported eps of 4.23 per share versus an expected $4.59, a miss of 7.8%. This follows poor thrid quarter reports from Caterpillar (CAT), 3M (MMM), and Texas Instruments (TXN), on Thursday.

Gold and silver are being well bid, with silver gaining over 2.5% above $18 per ounce for the first time in over a month.

At the Close, Thursday, October 24, 2019:
Dow Jones Industrial Average: 26,805.53, -28.42 (-0.11%)
NASDAQ: 8,185.80, +66.00 (+0.81%)
S&P 500: 3,010.29,, +5.77 (+0.19%)
NYSE Composite: 13,118.91, +4.52 (+0.03%)

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