There wasn’t a whole lot to get excited about today. With traders were still digesting tariff news, and stocks went nowhere.
The S&P was slightly higher the Nasdaq was lower. The DOW led the major indices with a 0.6% gain, getting some help from financial stocks like Goldman Sachs (GS) was higher by 2.9% and JP Morgan (JPM) finished with a 2.9% gain as well.
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Here’s where the major indices ended the day:
- The S&P finished 0.1% higher. Up 4 points, the S&P ended at 2,908.
- The DOW ended with a 0.6% gain. Adding 159 points, the DOW closed at 26,406.
- The NASDAQ was down 0.1%. Lower by 6 points, the NASDAQ finished at 7,950.
- Bitcoin had a 2.4% gain. Up $150, Bitcoin ended at $6,430.
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Crude Oil (CL) finished higher for the 2nd day in a row. Up 1.5%, CL finished at $70.65 a barrel. Today’s Crude Oil Inventories report was pretty much in-line with expectations with a 2.1 million barrel decrease in U.S. stockpiles (vs. a 2.7 million drop expected).
There was a stock that was on the move today. Pot stock Tilray (TLRY) made new highs (pun intended) and went on a roller coaster ride. After doubling in value during the day, the stock finished the day with a 38% gain.
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Amazon (AMZN) made headlines after news that it plans on opening 3,000 cashier-less stores. The goal is to have the stores open by 2021. The news didn’t do much to the stock though, as Amazon ended the day with a 0.8% loss.
Source: RockwellTrading by Markus Heitkoetter | Original Link