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.
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
