Market Update for Sep 4, 2019

In today's update:

1) U.S. Equity markets rebounded Wednesday making back Tuesday's losses after tensions eased between protesters and the government of Hong Kong. The Dow Jones Industrial Average gained 237.45 or 0.91%, the S&P 500 added 31.51 or 1.08% while the NASDAQ 100 closed higher by 102.72 or 1.30% and the Russell 2000 finished higher by 12.47 or 0.85%.

2) Crude Oil Futures spiked $2.07 or 3.84% on positive economic data out of China while Gold Futures closed higher by $6.10 or 0.39%. The Bond market traded slightly higher and the yield on the 10-Year Treasury Note settled at 1.469%.

3) After-market close, Slack Technologies Inc. (WORK) reported stronger-than-expected Q3 earnings and revenue but lowered their forward guidance for the coming year. The stock, which has been trending lower since going public on June 20, 2019, jumped $2.31 or 8.03% during the regular trading session but is currently trading lower by $4 .17 or 13.42% 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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