Market Update for March 19, 2019
In Today's Update:
1) Stocks closed mostly flat to slightly lower on Tuesday on lingering concerns over ongoing trade talks between U.S. and China. The Dow Jones Industrial Average dropped 26.72 or 0.10%, the S&P 500 fell 0.37 or 0.01% while the Nasdaq 100 closed higher by 9.47 or 0.12% and the Russell 2000 finished lower by 8.95 or 0.57%.
2) Crude Oil Futures moved lower by just $0.16 or 0.27% while Gold Futures advanced $4.90 or 0.38% on more weakness in the U.S. dollar. The Bond market also traded slightly lower but closed well off its lows and the yield on the 10-year Treasury Note settled at 2.616%.
3) Federal Express (FDX) reported third-quarter earnings after market close and their results could have a significant impact on Equity markets around the world. FDX announced weaker-than-expected earnings and revenue and cut full-year guidance due to slowing International macroeconomic conditions and weaker global trade growth trends. Shares of FDX are trading lower by almost 10% 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
