In Today's Update:
1) It was another volatile day for U.S. equities as the Dow 30 had a swing of more than 900 points from high to low before closing deeply in the red. The Dow Jones Industrial Average dropped 245.39 or 0.99%, the S&P 500 fell 17.44 or 0.66% while the Nasdaq 100 closed lower by 116.92 or 1.63% and the Russell 2000 finished lower by 6.51 or 0.44%.
2) Crude Oil Futures fell $0.79 or 1.17% as traders start to worry about the global economy while Gold Futures lost $4.80 or 0.39% due mostly to strength in the U.S. dollar. The Bond market traded slightly lower today pushing the yield on the 10-year treasury note up to 3.086%.
3) From a strong dollar and rising rates to trade issues and a slow down in the US housing market, traders and investors have a lot to be concerned about. Today, the U.S. equity markets gapped higher before starting to roll over again, but right around 2 p.m. eastern news that the U.S. was about to place tariffs on the remaining $257 billion in Chinese Goods caused the markets to spiral out of control.