Market Update for July 25, 2018
In today's update:
1) A late-day rally helps stocks close higher after trade talks between the U.S. and the E.U. show promise. The Dow Jones Industrial Average gained 172.16 points, the S&P 500 added 25.67 points while the Nasdaq 100 closed higher by 91.47 points and the Russell 2000 finished higher by 5.01 points.
2) Gold Futures managed to gain $6.40 by the official close as the U.S. dollar weekend while Crude Oil spiked $0.74 or 1.08% after a drop in stockpiles. The Bond market traded slightly lower and the yield on the 10-year treasury note moved up to 2.978.
3) All the buying during the regular trading session has not carried over into the after-hours session. In fact, there is a ton of selling going on led by shareholders of Facebook (FB) and Ford Motor Company (F) and many other big-name stocks are following suit.
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
