1) U.S. Equity markets rallied for a second straight trading session but faded into the close. The Dow Jones Industrial Average gained 495.64 or 2.39%, the S&P 500 added 28.23 or 1.15% while the NASDAQ 100 closed lower by 33.56 or 0.45% and the Russell 2000 finished higher by 13.12 or 1.20%.
2) Crude Oil Futures finished the day higher by $0.48 or 2% while Gold Futures fell $23.30 or 1.43%. The U.S. dollar was weaker Wednesday while the Bond market traded significantly lower and the yield on the 10-Year Treasury Note settled at 0.844%.
3) Micron Technology Inc. (MU) reported quarterly earnings after market close and beat analysts expectations. Shares of MU closed lower in today's regular trading session but are currently trading higher by $3.28 or 7.74% 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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