Market Update for Dec 4, 2019

In today's update:

1) U.S. Equity markets bounced back from a four-day losing streak to close higher. The Dow Jones Industrial Average gained 146.97 or 0.53%, the S&P 500 added 19.56 or 0.63% while the NASDAQ 100 closed higher by 46.03 or 0.54% and the Russell 2000 finished higher by 11.28 or 0.70%.

2) Crude Oil Futures soared $2.26 or 4.03% after a much bigger-than-expected drop in U.S. Crude inventories while Gold Futures dropped $4.20 or 0.28%. The Bond market was week on Wednesday and the yield on the 10-Year Treasury Note settled at 1.773%.

3) Shares of Slack Technologies Inc. (WORK) have been in a steady decline since going public last June. The stock has lost half its value but today they reported better-than-expected quarterly earnings and the stock is currently trading higher by $0.68 or 3.14% in the after-hours trading session.

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

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