Market Update for June 12, 2019

In today's update:

1) Stocks slide for a second straight session as Technology and Bank shares sustain more losses. The Dow Jones Industrial Average dropped 43.68 or 0.17%, the S&P 500 fell 5.88 or 0.20% while the Nasdaq 100 closed lower by 29.85 or 0.38% and the Russell 2000 finished higher by 0.68 or 0.05%.

2) Crude Oil Futures plunged again closing lower by $2.27 or 4.26% on yet another surprise build in U.S. Crude stockpiles while Gold Futures gained another $5.90 or 0.44% despite a rebound in the U.S. dollar. The Bond market traded slightly higher and the yield on the 10-year Treasury Note settled at 2.118%.

3) Lululemon Athletica Inc, the athletic apparel retailer and distributor, announced quarterly earnings after market close and beat analyst estimates handily. The company's total comparable sales rose 14% compared to an expected rise of 11.6% and they raised their full-year guidance. Shares of LULU are currently trading higher by $6.41 per share or 3.75% in the after-hours trading session.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

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