Market Update for Oct 8, 2019
In today's update:
1) U.S. Equity markets closed lower on Tuesday led mostly by big-name Banking and Technology shares. The Dow Jones Industrial Average dropped 313.98 or 1.19%, the S&P 500 fell 45.73 or 1.56% while the Nasdaq 100 closed lower by 132.52 or 1.67% and the Russell 2000 finished lower by 25.19 or 1.68%.
2) Crude Oil Futures fell slightly while Gold Futures caught a bid and closed higher by $6.90 or 0.46%. The Bond market showed some strength and the yield on the 10-Year Treasury Note settled at 1.535%.
3) The pressure is mounting on Wall Street. From trade war tensions building to weakening economic data reports, traders and investors are starting to get nervous. One of the best things you can do during times like these is to keep a close eye on big-name financial and technology stocks. We will explain further in today's video.
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
