Market Update for February 25, 2019
In Today's Update:
1) Stocks rise after weekend tweets from Trump indicate the U.S. will not impose additional tariffs on China March 1st. The Dow Jones Industrial Average gained 60.14 or 0.23%, the S&P 500 added 3.44 or 0.12% while the Nasdaq 100 closed higher by 26.92 or 0.36% and the Russell 2000 finished lower by 1.26 or 0.08%.
2) Crude Oil Futures dropped more than 3% after Trump sent a message to OPEC via Twitter while Gold Futures retraced Friday's gains and closed lower by $3.60 or 0.27%. The Bond market traded lower and the 10-year Treasury note settled at 2.667%.
3) Both Etsy Inc. (ETSY) and General Electric Co. (GE) made headlines today and posted significant gains. ETSY reported much better-than-expected fourth quarter earnings and closed higher by $2.34 or 4.13% while GE announced the sale of its biopharma business to Danaher for $21.4 billion. Shares of GE finished the day higher by $0.65 or 6.39%.
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
