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%.