Dow +41.23 at 18355, Nasdaq +22.00 at 5159.74, S&P +6.76 at 2163.79
- Russell 2000 +6.6% YTD
- S&P 500 +5.9% YTD
- Dow Jones +5.3% YTD
- Nasdaq Composite +3.0% YTD
The market ended the midweek affair on a flat note as investors looked ahead to tomorrow’s policy statement from the Bank of England and significant data due out later in the week. The S&P snapped a two-day losing streak, benefiting from a rebound in crude oil and key sector leadership from the heavily-weighted technology, industrial, and financials. The Nasdaq finished slightly ahead of the S&P (+0.3%) and the Dow.
The Department of Energy reported that crude oil inventories rose by 1.41 million barrels (estimated: -1.36 million barrels), but that gasoline inventories fell by 3.26 million barrels (estimated: -0.20 million barrels). In response, WTI crude ticked off the $40.00/bbl price level, finishing its day higher by 3.4% ($40.82/bbl; +$1.33).
I sold the balance of NRP today +21.0% and I took off 1/3 XNCR which popped 10% on great earnings. I also added EBIO as a long today.
As always please check the P&L tab on the blog for any stop or entry changes.