Market Update for Oct 9, 2019
In today's update:
In today's update:
1) U.S. Equity markets managed to post gains for the first time in three days after the FOMC meeting minutes left Traders guessing. The Dow Jones Industrial Average gained 181.97 or 0.70%, the S&P 500 added 26.34 or 0.91% while the Nasdaq 100 closed higher by 79.96 or 1.02% and the Russell 2000 finished higher by 6.86 or 0.47%.
2) Crude Oil Futures remained flat despite military action in Syria and rising crude inventories while Gold Futures advanced $8.10 or 0.54%. The Bond market was weak Wednesday and the yield on the 10-Year Treasury note settled at 1.579%.
3) Starbucks Corp. (SBUX) has been dropping since reaching its all-time high of $99.72 in late July and continues to look weak near-term. Having said that, the longer-term technicals still look strong. In today's video, we will discuss a potential turning point for SBUX.