In Today's Update:
1) Stocks closed mostly higher as Traders and Investors wait for news of a potential trade deal with China and the Employment Situation report tomorrow. The Dow Jones Industrial Average gained 166.50 or 0.64%, the S&P 500 added 5.99 or 0.21% while the Nasdaq 100 closed lower by 3.77 or 0.05% and the Russell 2000 finished higher by 6.58 or 0.42%.
2) U.S. Crude Oil Futures finished the day slightly lower while Gold Futures finished higher by $1.10 or 0.08% despite a rebound in the U.S. dollar. The Bond market also traded higher and the yield on the 10-year treasury note was little changed at 2.515%.
3) All eyes will be on the Employment Situation report scheduled to be released tomorrow morning at 8:30 a.m. ET. This report has the potential to really move the markets and should give everyone an indication of the Fed's next move and the possibility of a potential recession.