In today's update:
1) Stocks post strong gains after the Trump administration decided to delay tariffs on certain Chinese goods giving hope to traders and investors that a trade deal could happen soon. The Dow Jones Industrial Average gained 372.54 or 1.44%, the S&P 500 added 42.57 or 1.48% while the NASDAQ 100 closed higher by 152.95 or 1.95% and the Russell 2000 finished higher by 16.30 or 1.09%.
2) Crude Oil Futures also surged $2.13 or 4.00% while Gold Futures pulled back $4.80 or 0.32% on strength in the U.S. dollar. The Bond market was weak on Tuesday and the yield on the 10-Year Treasury Note settled at 1.704%.
3) The Cannabis sector is back in the spotlight with several companies reporting better-than-expected revenue figures. Today, Tilray Inc. (TLRY) reported quarterly earnings and beat analysts expectations for revenue but posted a much wider than expected loss. Shares of TLRY are currently trading lower by $3.76 or 8.17% in the after-hours trading session.