In today's update:
1) U.S. Equity markets experienced a slow but steady stream of selling today as traders and investors continue to worry about slowing global economic growth. The Dow Jones Industrial Average dropped 391.00 or 1.49%, the S&P 500 fell 35.96 or 1.23%while the NASDAQ 100 closed lower by 95.73 or 1.20% and the Russell 2000 finished lower by 18.58 or 1.23%.
2) Crude Oil Futures gained $0.30 or 0.55% while Gold Futures bounced gaining $14.70 or 0.97% despite strength in the U.S. dollar. The Bond market traded significantly higher Monday and the yield on the 10-Year Treasury Note settled at 1.641%.
3) Uber Technologies Inc. (UBER) plunged and closed at its low of the day after reporting disappointing quarterly earnings last week. Uber reported a remarkable $5.2B loss and shares of UBER look poised for lower prices as shareholders wonder if the ride-sharing company can ever be profitable.