In today's video:
1) U.S. equities closed mostly lower today led by Tech and Retail stocks. The Dow Jones Industrial Average dropped 137.51 points, the S&P 500 fell 21.59 points while they Nasdaq 100 closed lower by 96.78 points and the Russell 2000 finished lower by 21.91 points.
2) Crude Oil Futures dropped more than 3% after a sharp unexpected rise in the U.S. Crude stockpiles. Gold Futures also dropped sharply closing lower by almost $18.00 or 1.50% on more strength in the U.S. dollar and the Bond market traded higher dropping the yield on the 10-year treasury note to 2.860.
3) Earnings reports can be very difficult to predict and even when they appear to be better than expected they can be a disaster for the share price. Macy's reported much better than expected numbers today but lost almost 16% of its share value and is at risk of dropping much more.