Market Update for Aug 6, 2019
In today's update:
1) U.S. Equity markets bounced slightly and made back part of yesterday's losses after China's currency stabilizes. The Dow Jones Industrial Average gained 311.78 or 1.21%, the S&P 500 added 37.03 or 1.30% while the NASDAQ 100 closed higher by 107.22 or 1.39% and the Russell 2000 finished higher by 14.67 or 0.99%.
2) Crude Oil Futures fell another $0.90 or 1.65% while Gold Futures continued to climb gaining $9.50 or 0.64% despite a rally in the U.S. dollar. The Bond market traded higher and the yield on the 10-Year Treasury Note settled at 1.716%.
3) Earnings season continues with Disney (DIS) and Wynn Resorts (WYNN) reporting after-market close. DIS missed analysts expectations and showed increased losses in its streaming business after investments in Hulu and ESPN while WYNN reported better-than-expected numbers. DIS is currently trading lower by $2.87 or 2.02% while shares of WYNN are trading flat in the after-hours trading session.