Monday began with poor quarterly numbers from TM and WAG. Volume was low as expected due to the Christmas holiday week as the DOW closed down 59 points.
Tuesday continued the low volume theme as Existing Home Sales were down 8.6% in November and GM and F received downgrades. The DOW was off 100 points.
Wednesday was a short trading session ahead of Christmas. Jobless Claims registered a 26 year high and Consumer Spending and Durable Goods were weak. The DOW gained a marginal 49 points to close the trading day.
Friday’s trading was uneventful as AMZN reported their best holiday season ever and the DOW finished the day 47 points higher.
The market was down week over week with the DOW off 63, the SPX weaker by 15 and the COMPQ 34 points south.
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