Market Update for May 27, 2019
In today's update:
1) U.S. Equity markets closed higher on Friday but did post a loss for the week as fears linger over the possibility of no trade deal between the U.S. and China. The Dow Jones Industrial Average gained 95.22 or 0.37%, the S&P 500 added 3.82 or 0.14% while the Nasdaq 100 closed higher by 8.72 or 0.11% and the Russell 2000 finished higher by 12.73 or 0.85%.
2) Crude Oil Futures advanced $0.60 or 1.02% while Gold Futures hit a 1-week high adding $0.80 or 0.06%. The Bond market closed modestly higher and the yield on the 10-year Treasury Note settled at 2.326%.
3) Amazon Inc. (AMZN) closed the day higher on Friday after Analysts at Piper jaffray said shares of the online retailing giant will reach $3,000 between mid-2021 and mid-2022. In today's video, we will review The daily, weekly, and monthly charts to confirm how realistic this target may be.