Market Update for September 30, 2018

In today's video:

1) U.S. equities closed mostly higher on Friday as another strong quarter comes to an end. For the S&P 500, it was the strongest quarter since Q4 of 2013. The Dow Jones Industrial Average gained 18.38 points, the S&P 500 dropped 0.02 points while the Nasdaq 100 closed higher by 4.38 points and the Russell 2000 finished higher by 6.0 4 Points.

2) Crude Oil Futures were a stand-out on Friday closing higher by $1.44 or 2% while Gold Futures gained $8.80 but continue to trend lower. The Bond market closed slightly lower and the 10-year treasury note finished the week at 3.061% while the U.S. dollar gave up most of its earlier gains but still managed to close slightly higher.

3) Facebook (FB) disclosed yet another security breach on Friday that allowed hackers to control the accounts of up to 50 million users. CEO Mark Zuckerberg said the company is working with the FBI to investigate the incident but shareholders were spooked resulting in heavy selling. Shares of Facebook closed lower by $4.61 per share or 2.73%.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

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