Market Update for May 8, 2019
In today's update:
1) Stocks end a volatile trading session little changed as Traders and Investors anxiously wait for news on U.S.-China trade talks. The Dow Jones Industrial Average gained 2.24 or 0.01%, the S&P 500 fell 4.63 or 0.16% while the Nasdaq 100 closed lower by 20.44 or 0.26% and the Russell 2000 finished lower by 7.35 or 0.46%.
2) Crude Oil Futures advanced by $0.60 or 0.98% on another surprise drop in U.S. Crude stockpiles while Gold Futures rose to a 3-week high before pulling back and closing lower by $4.00 or 0.31%. The Bond market traded lower today and the yield on the 10-year Treasury Note settled at 2.483%.
3) The buzz on Wall Street was all about the ongoing trade talks with China today but the after-hours session is being dominated by quarterly earnings reports. This evening, Roku Inc. (ROKU), Etsy Inc. (ETSY), Walt Disney (DIS), and Fox Corp. (FOX) reported and all four stocks are being actively traded after hours.
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
