Market Update for April 8, 2019
In Today's Update:
1) U.S. Equities started the day lower led by shares of Boeing and General Electric but rallied in afternoon trading. The Dow Jones Industrial Average dropped 83.97 or 0.32%, the S&P 500 added 3.03 or 0.10% while the Nasdaq 100 closed higher by 15.19 or 0.19% and the Russell 2000 finish lower by 3.55 or 0.22%.
2) U.S. Crude Oil Futures continued to climb Monday trading higher by $1.35 or 2.14% while Gold Futures advanced $6.00 or 0.46% on weakness in the U.S. dollar. The Bond market traded lower and the yield on the 10-year Treasury Note settled at 2.520%.
3) Shares of Boeing (BA) and General Electric (GE) closed significantly lower today after receiving downgrades. BA was moved to Neutral from Buy by Merrill Lynch and closed lower by $17.41 or 4.44% while GE was downgraded by JP Morgan and finished the day down by $0.52 or 5.19%.
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
