Market Update for February 11, 2019
In Today's Update:
1) Stocks closed mixed again today as traders and investors wait for more details on trade talks between U.S. and China. The Dow Jones Industrial Average dropped 53.22 or 0.21%, the S&P 500 added 1.92 or 0.07% while the Nasdaq 100 closed higher by 9.71 or 0.13% and the Russell 2000 finished higher by 12.59 or 0.84%.
2) Crude Oil Futures closed slightly lower while Gold Futures slipped losing $6.70 or 0.51% after the U.S. dollar Index moved above $0.97 for the first time since December 26th of last year. The Bond market traded lower and the yield on the 10-year treasury note settled at 2.655%.
3) Gilead Sciences (GILD) released its much-anticipated results for the company's late-stage, placebo-controlled study designed to evaluate a type of chronic liver disease drug. Unfortunately, it did not meet its desired outcome without worsening the patients' condition. Shares of GILD are currently trading at $65.24 down $2.38 or 3.52%.
About the author
Vince Vora is the head trader at TradingWins.com. Over the last three decades, he has been trading and refining his trading systems that are based on technical analysis and price action. Over the last few years, his focus has been on teaching people how to become better traders. His systems range from simple to sophisticated and can be used in any market conditions to trade stocks, options, futures and forex. By: TradingWins Team
