Market Update for Dec 3, 2019

In today's update:

1) U.S. Equity markets closed sharply lower on Tuesday after Trump's comments sent Futures spiralling. The Dow Jones Industrial Average dropped 280.23 or 1.01%, the S&P 500 fell 20.67 or 0.66% while the NASDAQ 100 closed lower by 47.34 or 0.55% and the Russell 2000 finished lower by 4.95 or 0.31%.

2) Crude Oil Futures finished the day slightly higher while Gold Futures jumped $14.00 or 0.95% on more weakness in the U.S. dollar. The Bond market traded significantly higher and the yield on the 10-Year Treasury note settled at 1.716%.

3) After-market close, Alphabet Inc. (GOOGL) announced that Larry Page will step down as CEO and Sundar Pichai will take over while maintaining his post as CEO of the parent company. Shares of GOOGL gained $5.88 during the regular trading session and are currently trading higher by $7.21 or 0.56% 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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