In today's update:
1) U.S. Equity markets closed lower for the fourth straight day after another volatile session with much higher-than-average volume. The Dow Jones Industrial Average dropped 138.97 or 0.54%, the S&P 500 fell 8.70 or 0.30% while the Nasdaq 100 closed lower by 32.73 or 0.41% and the Russell 2000 finished lower 4.92 or 0.31%.
2) Crude Oil Futures fell $0.53 or 0.85% while Gold futures finished slightly higher gaining $3.30 or 0.26% on weakness in the U.S. dollar. The Bond market posted gains and the yield on the 10-year Treasury Note dropped to 2.455%.
3) Traders will be keeping a close eye on U.S. Equity Futures and overseas markets this evening as the midnight deadline for new China tariffs fast approaches. If a deal is reached or the deadline is extended, expect stocks to rally. However, if they can't reach a deal and a full-scale trade war develops, expect stocks to move significantly lower.