Market Update for June 25, 2019
In today's update:
1) U.S. Equity markets closed significantly lower on Tuesday after comments from the Federal Reserve curbed investor optimism over future rate cuts. The Dow Jones Industrial Average dropped 179.32 or 0.67%, the S&P 500 fell 27.97 or 0.95% while the Nasdaq 100 closed lower by 120.98 or 1.51% and the Russell 2000 finished lower by 9.05 or 0.59%.
2) Crude Oil Futures advanced $0.65 or 1.12% while Gold Futures jumped to a 6-year high gaining $9.30 or 0.66%. The Bond market continued to climb and the yield on the 10-year Treasury Note settled at 1.989%.
3) Micron Technology Inc. (MU) reported fiscal third-quarter earnings after market close and beat estimates for both revenue and earnings per share. MU is currently trading higher by $2.80 or 8.57% 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
