Market Update for June 10, 2019
In today's update:
1) Stocks climb for a sixth straight trading session as Traders celebrate the U.S. - Mexico trade deal. The Dow Jones Industrial Average gained 78.74 or 0.30%, the S&P 500 added 13.39 or 0.47% while the Nasdaq 100 closed higher by 81.07 or 1.05% and the Russell 2000 finished higher by 9.17 or 0.61%.
2) Crude Oil Futures reversed earlier gains and closed lower by $0.64 or 1.19% while Gold Futures finished the day sharply lower closing down $14.20 or 1.05% after a slight rebound in the U.S. dollar. The Bond market also closed significantly lower and the yield on the 10-year Treasury Note settled at 2.143%.
3) Beyond Meat Inc. (BYND) went public on May 2, 2019 at $45.00 per share and has been soaring ever since. Shares of BYND hit a new all-time high of $186.43 today before experiencing some profit taking and closing at $168.10, a gain of $29.45 or 21.24% due mostly to a rumor that they are close to reaching a deal with McDonalds Corp. (MCD).
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
