Market Update for April 29, 2019
In today's update:
1) Stocks closed modestly higher on Monday ahead of another busy week for earnings season. The Dow Jones Industrial Average gained 11.06 or 0.04%, the S&P 500 added 3.15 or 0.11% while the Nasdaq 100 closed higher by 15.45 or 0.19% and the Russell 2000 finished higher by 6.54 or 0.41%.
2) Crude Oil Futures managed to close slightly higher after Friday's strong sell-off while Gold Futures dropped $7.30 or 0.57% despite a pullback in the U.S. dollar. The Bond market finished today lower and the yield on the 10-year Treasury Note settled at 2.526%.
3) Alphabet (GOOGL) stock hit a new all-time high of $1296.97 during today's regular trading session but is trading significantly lower after hours. GOOGL's first-quarter earnings were $10.90 per share versus expectations of $10.61 per share but revenue came in much lighter than expected for all of its major sales categories.
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
