In today's update:
1) Money continued to flow out of Equities and into Bonds on Tuesday as hopes for a U.S. - China trade deal start to fade. The Dow Jones Industrial Average dropped 237.92 or 0.93%, the S&P 500 fell 23.67 or 0.84% while the Nasdaq 100 closed lower by 29.66 or 0.39% and the Russell 2000 finished lower by 10.09 or 0.67%.
2) Crude Oil Futures finished the day higher by $0.43 or 0.73% while Gold Futures dropped $4.90 or 0.38% after a rebound in the U.S. dollar. The Bond market moved sharply higher and the yield on the 10-year Treasury Note settled at 2.265%.
3) Teva Pharmaceutical Industries (TEVA) has been in a steady decline since reaching a high of $72.31 back in July of 2015. Today, TEVA plunged another $1.35 or 12.42% after being downgraded to Neutral from Buy by UBS due to its opioid-related litigation. Shares of TEVA finished the day at $9.52.