In Today's Update:
1) Stocks closed mostly lower after a choppy, lower range, lower volume trading session. The Dow Jones Industrial Average gained 70.11 or 0.29%, the S&P 500 fell 0.53 or 0.02% while the Nasdaq 100 closed lower by 27.98 or 0.39% and the Russell 2000 finished lower by 22.62 or 1.55%.
2) Crude Oil Futures closed sharply higher on signs of tightening oil supplies while Gold Futures dropped $3.20 or 0.26% after a rebound in the U.S. dollar. The Bond market closed slightly lower and the yield on the 10-year treasury note settled the day at 2.913%.
3) Shares of Costco Wholesale Corp. (COST) and Starbucks Corp. (SBUX) were both trading approximately 3% lower in today's after-hours trading session. Shares of COST fell after the company reported disappointing quarterly earnings and revenue while SBUX shares dropped after announcing a new delivery service. Starbucks will partner with Uber Eats to provide delivery at 2,000 of its stores in the U.S. beginning in 2019.