In Today's Update:
1) Stocks started the first trading session of the year lower but rallied in afternoon trading to close in positive territory. They Dow Jones Industrial Average gained 18.78 or 0.08%, the S&P 500 added 3.18 or 0.13% while the Nasdaq 100 closed higher by 30.66 or 0.46% and the Russell 2000 finished higher by 7.34 or 0.54%.
2) Crude Oil Futures also recovered from earlier losses after tanker-tracking data showed a big drop in Saudi Arabia's crude oil exports while Gold Futures added $4.10 or 0.32%. The Bond market continued to climb and the yield on the 10-year treasury note settled at 2.649%.
3) Shares of Apple Inc. (AAPL) closed flat today but are trading significantly lower in after-hours trading. AAPL CEO Tim Cook issued a letter to investors announcing that the company is lowering their fiscal 2019 first-quarter earnings guidance but expects all other items to remain in line with original guidance estimates. Shares of AAPL are currently trading lower by $12.00 per share or nearly 8%.