In today's update:
1) A Late day rally failed and stocks closed significantly lower as fear of a full-scale trade war escalates. The Dow Jones Industrial Average dropped 473.39 or 1.79%, the S&P 500 fell 48.42 or 1.65% while the Nasdaq 100 closed lower by 159.53 or 1.96% and the Russell 2000 finished lower by 32.61 or 2.02%.
2) Crude Oil Futures fell another $1.02 or 1.62% while Gold Futures and the U.S. dollar finished the day flat. The Bond market moved higher and the yield on the 10-year Treasury Note dropped to 2.453%.
3) Earnings season continues with several names reporting after-market close including the first-ever quarterly earnings report from ride-sharing company Lyft Inc (LYFT). LYFT beat revenue estimates but reported a much larger-than-expected loss and is currently trading lower by $2.08 or 3.51% in the after-hours trading session.