Market Update for September 24, 2018
In today's video:
1) U.S. equities closed mostly lower today after news that Deputy Attorney General Rod Rosenstein may be on his way out. The Dow Jones Industrial Averages dropped 181.45 points, the S&P 500 fell 10.30 points while the Nasdaq 100 closed higher by 6.29 points and the Russell 2000 finished lower by 7.00 points.
2) Crude Oil Futures moved sharply higher gaining $1.46 or 2.06% after OPEC's decision to not boost output while Gold Futures closed higher by only $2. The Bond market traded slightly lower and the yield on the 10-year treasury note moved up to 3.077%.
3) Once again, Amazon (AMZN) was one of the most actively traded stocks on the Nasdaq Composite Index. AMZN finished higher by $19.35 or 1.01% after swinging more than 70 points from high to low. The specialty retailer bounced off support at $1865.00 and needs to clear Friday's high of $1957.00 if it has any chance of getting back to its all-time high of $2050.50.