Market Update for Dec 17, 2019

In today's update:

1) U.S. Equity markets finished the day in new record territory once again. the Dow Jones Industrial Average gained 31.27 or 0.11%, the S&P 500 added 1.07 or 0.03% while the Nasdaq-100 closed higher by 9.13 or 0.10% and the Russell 2000 finished higher by 7.63 or 0.46%.

2) Crude Oil Futures rallied Tuesday and closed higher by $0.66 or 1.10% while Gold Futures finished today's trading session completely flat. The Bond market dropped slightly and the yield on the 10-Year Treasury Note settled at 1.878%.

3) After-market close, FedEx (FDX) reported weaker-than-expected second-quarter earnings and lowered their guidance for the rest of the year. FDX reported adjusted earnings of $2.51 versus $2.76 expected and revenue of $17.3 billion vs $17.58 billion. Shares of FDX are currently trading lower by $10.36 or 6.35% in the after-hours trading session.

About the author

Vince Vora is the head trader at 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

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