Market Update for April 25, 2019
In Today's Update:
1) 3M Company (MMM) and UPS Parcel Service (UPS) plunged on Thursday after both announced much weaker-than-expected quarterly earnings. The Dow Jones Industrial Average dropped 134.97 or 0.51%, the S&P 500 fell 1.08 or 0.04% while the Nasdaq 100 closed higher by 16.67 or0.21% and the Russell 2000 finished lower by 12.52 or 0.79%.
2) Crude Oil Futures fell $0.84 or 1.27% while Gold Futures finished the day flat and the U.S. dollar was little changed. The Bond market traded slightly lower and the yield on the 10-year Treasury Note settled at 2.535%.
3) Another very active after-hours trading session today after Amazon (AMZN) smashed earnings expectations. Intel (INTC), Starbucks (SBUX), and Ford (F) also beat expectations while Mattel (MAT) announced a smaller-than-expected loss and is currently trading significantly higher after hours.
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
