Market Update for April 3, 2019
In Today's Update:
1) U.S. Stocks closed modestly higher on Wednesday after positive economic figures from Europe and China. The Dow Jones Industrial Average gained 39.00 or 0.15%, the S&P 500 added 6.16 or 0.21% while the Nasdaq 100 closed higher by 46.86 or 0.60% and the Russell 2000 finished higher by 7.59 or 0.49%.
2) Crude Oil Futures closed slightly lower after a spike in U.S. Crude stockpiles while Gold Futures were flat for a second straight day. The Bond market moved lower and the yield on the 10-year Treasury Note jumped to 2.518%.
3) The ADP Employment report was released this morning and came in much lower than expected. It showed 129,000 new private-sector jobs versus an expected number of 179,000. The ADP report is usually an indicator of what to expect for the Employment Situation report due out on Friday.
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
