Above the fold

Stocks Take A Breather

By:

Independent Investment Management designed to protect and grow your wealth.

JIM CARLTON
Managing Director
Chief Investment Officer

Friends

Not surprisingly, after yesterday’s earnings driven rally, stocks took a bit of a breather today after a somewhat disappointing retail sales number was released before the opening bell. As mentioned, we are just getting started with regards to earnings reports (Bank of America added to the decent reports from large banks), and after the close we’ll hear from Netflix, IBM and CSX.

For the day, the Dow Jones Industrial Average was down 22 points to finish the day at 27,001. The S&P 500 was down 5 points to close at 2,989. Gold was up $9 to trade at $1,493 per ounce, while oil was up $.50 to trade at $53.31 per barrel WTI.

We’ll continue to keep an eye out on all the earnings reports that will be rolling out over the next few weeks. Stay tuned.

Have a nice evening everyone.

Jim

10200 Grogan’s Mill Road, Suite 340
The Woodlands, TX  77380 
(281) 298-2700 Phone
(877) 824-4299 Toll Free
(281) 298-2760 Fax

[email protected]        www.chjwealthmanagement.com

Investment Advisory offered through Carlton, Hofferkamp & Jenks Wealth Management, LLC (“CHJ”).

*Numbers and figures sourced from the following: Bloomberg.com, CNBC.com and Finance.Yahoo.com.
The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which investment(s) may be appropriate for you, consult your financial advisor prior to investing. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and cannot be invested into directly.

CHJ Wealth Management,
10200 Grogan’s Mill Road,
Suite 340
The Woodlands, TX 77380