Stock Market Update Wednesday, September 12th, 2018

Today it was all about Apple, trade talks with China, and Hurricane Florence.

Stocks got off to a rocky start this morning with the major indices dropping right after the open.

Then after a brief move sideways, stocks jumped on reports that the U.S. reached out to China in an effort to resume trade talks.

The S&P rallied almost 10 points in 10 minutes on the news. Which was pretty significant since the S&Pstayed in a 15 point range for the entire day.

After the quick rally, trading was pretty choppy for the remainder of the day. And at the end of the session stocks were mixed.


TRENDING NOW

FREE STOCK TRADING WEBINAR

Experienced Biotech stock investor, Kyle Dennis, will be showing you 3 easy-to-follow steps that you’re going to want in your playbook & he’s got the numbers to prove it!

Join this free webinar today!


Here’s where the major indices ended the day:

  • The S&P finished flat. Down a point, the S&P ended at 2,889.
  • The DOW ended with a 0.1% gain. Adding 28 points, the DOW closed at 25,999.
  • The NASDAQ was down 0.2%. Lower by 18 points, the NASDAQ finished at 7,954.
  • Bitcoin added 1.4%. Up $85, Bitcoin ended at $6290.

TRENDING NOW

$330,000 per year trading part-time?

Check Out This Video to Learn Jason’s 3 Simple Trading Patterns


Crude Oil (CL) had another big day on supply concerns due to Hurricane Florence. Up 1.6%, CL finished at $70.36 a barrel, its best close since early July. Today’s Crude Oil Inventories showed a 5.3 million barrel decrease in U.S. stockpiles compared to the 1.3 million barrel drop expected.

Taking a closer look at Apple (AAPL), Apple unveiled 3 new iPhones: the iPhone XS, the XS Max and iPhone Xr. Apple also unveiled a new Apple Watch. Traders weren’t too impressed with the news, or maybe they were taking profits by selling the news since Apple ended the day with a 1.2% loss.

Source: RockwellTrading by Markus Heitkoetter | Original Link

This entry was posted in Top Trading Advice | Best Investment Opportunities and tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , . Bookmark the permalink.

Leave a Reply