Market Update for April 10, 2019
In Today's Update:
1) U.S. Equity markets closed slightly higher on Wednesday after the Federal Reserve confirmed plans to not hike rates for the rest of this year. The Dow Jones Industrial Average gained 6.58 or 0.03%, the S&P 500 added 10.01 or 0.35% while the Nasdaq 100 closed higher by 54.97 or 0.69% and the Russell 2000 finished Higher by 21.87 or 1.40%.
2) Crude Oil Futures gained $0.46 or 0.72% after a surprise plunge in U.S. Crude stockpiles while Gold Futures advanced another $3.70 or 0.28% as the U.S. dollar continued to show weakness. The Bond market traded higher and the yield on the 10-year Treasury Note settled at 2.467%.
3) The after-hours trading session is getting some attention today due mostly to two big-name retailers. Bed Bath & Beyond (BBBY) released quarterly earnings and beat on earnings but missed revenue targets. Shares of BBBY are currently trading lower by $2.01 or 10.36% while Costco (COST) announced a larger-than-expected decrease in same-store sales and is currently trading lower by $2.82 or 1.15%.
About the author
Vince Vora is the head trader at TradingWins.com. Over the last three decades, he has been trading and refining his trading systems that are based on technical analysis and price action. Over the last few years, his focus has been on teaching people how to become better traders. His systems range from simple to sophisticated and can be used in any market conditions to trade stocks, options, futures and forex. By: TradingWins Team
