Market Update for October 2, 2018
In today's video:
1) The Dow 30 rallied for a second straight day led by Boeing (BA) and Intel (INTC) but the other three main equity indices closed lower. The Dow Jones Industrial Average gained 122.73 points, the S&P 500 fell 1.16 points while the Nasdaq 100 closed lower by 37.76 points and the Russell 2000 finished lower by 16.95 points.
2) Crude Oil Futures took a well-deserved day off today dropping just $0.17 after that huge up day yesterday while Gold Futures gained $15.20 or 1.28%. The Bond market also rallied today and the yield on the 10-year treasury note fell to 3.058%.
3) The Russell 2000 Index, which consists of small-cap stocks, has started the month of October on a sour note and has been known to lead other equity indices in the past. Could this be the beginning of a major sell-off and at what point should we begin to worry?