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.