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.