The Closing Look

On Monday, stocks were mixed as energy dragged the S&P 500 and Dow Jones Industrial Average lower while the Nasdaq hit a fresh record high. We are entering earnings season and investors will, once again, turn their focus to earnings over the next several weeks. Elsewhere, AliBaba Founder, Jack Ma, met with President-Elect Donald Trump and said he plans to create over 1 million new jobs in the U.S. over the next five years.

Gary’s Thoughts: Oils did not help. A few dow names hit. Big cap tech/internet remains with a bid but names like FB,AMZN into massive overhead resistance. Financials were actually down. Never thought that would happen again. This coming Friday…BAC,JPM,PNC,WFC report.