Market Update for Mar 17, 2020
In today's update:
1) U.S. Equity markets Rallied Tuesday after the Federal Reserve announced a huge stimulus package. The Dow Jones Industrial Average rose 1048.86 or 5.20%, the S&P 500 added 143.06 or 6.00% while the NASDAQ 100 closed higher by 430.19 or 6.23% and the Russell 2000 finished higher by 69.27 or 6.68%.
2) Crude Oil Futures remained under pressure losing another $1.79 or 6.16% while Gold Futures rebounded closing higher by $43.00 or 3%. The Bond market fell sharply and the yield on the 10-Year Treasury Note settled at 1.082%.
3) Boeing Co. (BA) hit an all-time high of $446.01 just one year ago. Today, shares of BA closed the regular trading session at $124.14 and are currently trading at 119.42 in extended trading after news that the company is seeking tens of billions of dollars in U.S. government loan guarantees and other assistance.
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
