Market Update for March 14, 2019
In Today's Update:
1) It was another very quiet day on Wall Street as traders and investors seemed to ignore weak Home Sales data while waiting for news on the U.S. - China trade negotiations. The Dow Jones Industrial Average gained 7.05 or 0.03%, the S&P 500 fell 2.44 or 0.09% while the Nasdaq 100 closed lower by 12.49 or 0.16% and the Russell 2000 finished lower by 6.25 or 0.40%.
2) Crude Oil Futures hit a four-month high gaining $0.26 or 0.45% while Gold Futures closed sharply lower dropping $13.90 or 1.06% after a rebound in the U.S. dollar. The Bond market traded lower and the yield on the 10-year Treasury Note settled at 2.626%.
3) One day after Facebook's (FB) longest outage ever, the company blamed a "server configuration change" for the outage. They also announced the departure of two more executives. Facebook's Chief Product Officer Chris Cox and WhatsApp Vice President Chris Daniels will be leaving. Shares of FB closed lower today by $3.20 or 1.85%.
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
