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.