Market Update for July 23, 2019
In today's update:
1) U.S Equity markets closed higher on Tuesday after getting a boost from better-than-expected earnings reports released before market open. The Dow Jones Industrial Average gained 177.29 or 0.65%, the S&P 500 added 20.44 or 0.68% while the Nasdaq 100 closed higher by 47.27 or 0.58% and the Russell 2000 finished higher by 10.18 or 0.66%.
2) Crude Oil Futures advanced $0.95 or 1.69% while Gold Futures dropped $8.80 or 0.62% on more strength in the U.S. dollar. The Bond market was weak on Tuesday and the yield on the 10-year Treasury Note settled at 2.081%.
3) Tonight's after-hours trading session has been very active as shares of Facebook (FB), Amazon (AMZN), Alphabet (GOOGL), and other technology companies are dropping more than 1% each after the U.S. Department of Justice said it is opening a broad antitrust review of big tech companies. There are also big moves to the upside by Chipotle Mexican Grill (CMG) and Snap Inc. (SNAP) after reporting better-than-expected quarterly earnings.
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
