Market Update for April 16, 2019
In Today's Update:
1) Stocks gave back earlier gains but still managed to finish the day mostly higher. The Dow Jones Industrial Average gained 67.89 or 0.26%, the S&P 500 added 1.48 or 0.05% while the Nasdaq 100 closed higher by 24.21 or 0.30% and the Russell 2000 finished higher by 3.62 or 0.23%.
2) Crude Oil Futures advanced $0.95 or 1.50% as falling Venezuelan and Iranian exports caused concern over tightening global supply while Gold Futures fell $11.50 or 0.89% on strength in the U.S. dollar. The Bond market dropped and the yield on the 10-year Treasury Note settled at 2.591%.
3) There are three stocks getting a lot of attention after-market close. Netflix (NFLX) and IBM (IBM) released quarterly earnings and are both trading lower while Qualcomm (QCOM) gained over 23% during today's regular trading session and is currently higher by another 6% after-hours. Qualcomm and Apple (AAPL) settled their royalty dispute which includes a six-year license agreement and a payment from Apple to Qualcomm.
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
