Market Update for July 1, 2018

1) U.S. equities closed mostly higher on Friday but posted losses for the week as trade War fears linger. The Dow Jones Industrial Average gained 55.36 points, the S&P 500 added 2.06 points while the Nasdaq 100 closed higher by 6.62 points and the Russell 2000 finished lower by 1.95 points.

2) Crude Oil Futures rose a little over 1% to close above $74 for the first time since November of 2014 while Gold Futures finished the day higher by $3.20 due mostly to weakness in the U.S. dollar. The Bond market closed slightly lower on Friday and the yield on the 10-year treasury note closed at 2.860.

3) This coming week will be a short trading week due to the July 4th Independence Day holiday but should still be an active one. There will be several economic data reports released that have the potential to move the markets. Among them will be Construction Spending, Durable Goods Orders, Vehicle Sales, Jobless Claims, ADP Employment Report, Nonfarm Payrolls, Average Hourly Earnings and the Unemployment Rate.

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By: TradingWins Team

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