In Today's Update:
1) Stocks closed significantly higher on Tuesday after lawmakers reached a tentative deal to avoid another government shutdown. The Dow Jones Industrial Average gained 372.65 or 1.49%, the S&P 500 added 34.93 or 1.29% while the Nasdaq 100 closed higher by 106.71 or 1.46% and the Russell 2000 finished higher by 19.25 or 1.27%.
2) Crude Oil Futures advanced $0.68 or 1.30% on news that Saudis are planning deeper oil supply cuts while Gold Futures managed to gain just $2.60 or 0.20% as the U.S. dollar retraced yesterday's gains. The Bond market traded lower and the yield on the 10-year treasury note moved up to 2.681%.
3) There were more earning surprises after-market close with two companies getting most of the attention. Twilio Inc. (TWLO) topped revenue estimates but missed on their earnings number and lowered future guidance. TWLO is currently trading lower by $6.89 or 5.98%. Activision Blizzard Inc. (ATVI) missed estimates and announced their plan to layoff 8% of their workforce. ATVI is actually trading higher by $1.71 or 4.10% in the after-hours trading session.