In Today's Update:
1) Stocks rallied in afternoon trading after a report stating the U.S. is considering easing tariffs on China during the negotiation process. The Dow Jones Industrial Average gained 162.94 or 0.67%, the S&P 500 added 19.86 or 0.76% while the Nasdaq 100 closed higher by 49.77 or 0.71% and the Russell 2000 finished higher by 12.55 or 0.86%.
2) Crude Oil Futures were flat closing lower by just $0.08 or 0.15% while Gold Futures also dropped closing lower by $2.10 or 0.16%. The U.S. dollar continued to show some weakness while the Bond market traded slightly lower and the yield on the 10-year treasury note jumped to 2.748%.
3) Morgan Stanley (MS) reported disappointing earnings this morning before market open and finished the day lower by $1.96 or 4.41% while traders held their breath over the much-anticipated earnings report from Netflix (NFLX) due out after market close. Unfortunately, Netflix delivered a mixed report beating EPS estimates but coming in below expectations on Revenue estimates. Shares of NFLX are currently trading lower by more than 3% in the after-hours trading session.