Market Update for June 26, 2019
In today's update:
1) Stocks end mostly lower after another very quiet trading session as Wall Street anxiously waits for news on U.S. - China trade talks. The Dow Jones Industrial Average dropped 11.40 or 0.04%, the S&P 500 fell 3.60 or 0.12% while the Nasdaq 100 closed higher by 25.25 or 0.32% and the Russell 2000 finished lower by 3.26 or 0.21%.
2) Crude Oil Futures jumped $1.34 or 2.32% after an unexpectedly large supply drop while Gold Futures pulled back $6.70 or 0.47% on a slight rise in the U.S. dollar. The Bond market traded lower and the yield on the 10-year Treasury Note settled at 2.049%.
3) Shares of Apple Inc. (AAPL) moved up nicely today closing higher by $4.23 or 2.16% after U.S. Treasury Secretary Steve Mnuchin said the U.S. and China were "ninety percent of the way there" on a trade deal. Trade talks are scheduled to resume at the G20 meeting this weekend and traders will be anxiously waiting for confirmation that a trade deal is done.