1) Traders and investors run for the exits as U.S. Equity markets and Bond yields plummet again. The Dow Jones Industrial Average dropped 879.44 or 3.15%, the S&P 500 fell 97.68 or 3.03% while the NASDAQ 100 closed lower by 255.67 or 2.77% and the Russell 2000 finish lower by 56.21 or 3.45%.
2) Crude Oil Futures fell sharply on Tuesday closing lower by $1.53 or 3.00% while Gold Futures also dropped closing lower by $26.00 or 1.60% despite more weakness in the U.S. dollar. The Bond market hit another high while the yield on the 10-Year Treasury Note settled at 1.339%.
3) After-market hours, both Disney and Salesforce announced changes at the CEO level. Bob Iger will step down and Bob Chapek will take over as CEO of Disney while Co-CEO Keith block will step down and Mark Benioff will now be the sole CEO of Salesforce. Both companies are trading lower 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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