Stocks kicked off the month of November with a win today.
The major indices began the day slightly higher, then pulled back in early trading.
But after the dip, President Trump helped lift stocks with a tweet saying that talks with China are “moving along nicely.” Trump is planning on meeting with Chinese president Xi Jinping in Argentina at the G-20 meetings later this month.
With a final push at the end of the day, the major indices closed with a 1.0%+ gain, higher for the 3rd day in a row today.
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Here’s where the major indices ended the day:
- The S&P finished with a 1.1% gain. Up 29 points, the S&P ended at 2,740.
- The DOW ended higher by 1.1%. Adding 265 points, the DOW closed at 25,381.
- The NASDAQ was up 1.8%. With a 128 point gain, the NASDAQ finished at 7,434.
- Bitcoin finished higher by 0.6%. Up $40, Bitcoin ended at $6,330.
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Crude Oil (CL) finished lower for the 4th day in a row. Down 2.4%, CL finished at $63.74 a barrel, the lowest close since June.
Spotify (SPOT) was lower today after reporting worse than expected earnings. The stock finished the day with a 5.7% loss. And Wayfair (W) lost 12.8% after a big earnings miss.
Apple (AAPL) is down almost 7% in after-hours trading after reporting mixed earnings numbers after the bell. Today’s release showed that Apple beat earnings, but iPhone sales were worse than expected.
It’s safe to say that all eyes will be on Apple (the most valuable company in the world) tomorrow. But traders will also keep a close eye on the October Jobs Report, released at 8:30am ET.
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Source: RockwellTrading by Markus Heitkoetter | Original Link