In Today's Update:
1) The Technology, Healthcare and Utilities sectors led stocks lower for the second straight session as Traders continue to worry about slowing earnings growth. The Dow Jones Industrial Average dropped 86.11 or 0.36%, the S&P 500 fell 13.65 or 0.53% while the Nasdaq 100 closed lower by 65.56 or 0.94% and the Russell 2000 finished lower by 14.57 or 1.01%.
2) Crude Oil Futures dropped another $0.81 or 1.57% after reports of weaker imports and exports in China which can lead to a slowdown in fuel demand while Gold Futures gained $2.30 or 0.18%. The Bond market declined and the yield on the 10-year treasury note was little changed at 2.703%.
3) Shares of Alibaba (BABA) have been trending lower since the middle of last year and may continue doing so after the company's President Michael Evans said "China has slowed down due to natural causes and ongoing trade tensions with the US.". BABA closed lower by $2.05 or 1.35%.