US futures fall amid worries over Middle East tensions and weak China data

U.S. stock futures were lower on the final trading day of the week, with investors monitoring attacks on oil tankers in the Gulf of Oman and reacting to economic data out of China.

As of 3:20 a.m. ET, Dow futures were 19 points lower, indicating a slightly lower open of 25 points. S&P 500 futures were barely changed while Nasdaq futures were in negative territory.

Market players are closely watching geopolitical events, with attacks on oil tankers in the Middle East giving oil prices a boost. Brent crude climbed 0.4% to $61.57 a barrel, while WTI crude was up 0.1% at $52.33.

The Trump administration on Thursday placed the blame squarely on Iran, with Secretary of State Mike Pompeo saying Tehran “wants our successful maximum pressure campaign lifted.”


— RECOMMENDED —

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!


Iran hit back at Washington, denying Pompeo’s claims. Iran’s Foreign Minister Mohammad Javad Zarif said on Twitter that the U.S. “immediately jumped to make allegations against Iran—/wo a shred of factual or circumstantial evidence.”

Meanwhile, China’s industrial output growth slowed to a more than 17-year low of 5% in May, well below expectations, in the latest sign of weakening demand in the world’s second-largest economy as the United States ramps up trade pressure.

U.S. data also looms, with traders looking out for upcoming retail sales and industrial production data for May, as well as the consumer sentiment index for June.

Source: cnbc.com | Original Link

Posted in Top Trading Advice | Best Investment Opportunities | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Stock Market Update Wednesday, June 12th, 2019

Stocks dropped for the 2nd day in a row.

CPI data was this focus in early trading. And data showed that consumer prices rose just 0.1% last month. This was in line with expectations.

The low inflation reading (combined with a weaker job market) has traders believing that the Fed will cut rates this year. According to the CME Group FedWatch tool, traders believe that there is an 85.3% chance the Fed will lower rates by July.

The major indices traded back and forth at the open, then saw a small drop late morning.

There was another small push lower during lunch. Then stocks traded sideways for the rest of the session.


— RECOMMENDED —

Will This Document Destroy Trump?

If you love America, you need to see this document.

Because what’s hinted at inside could unravel as soon as June 30th … And smear what’s left of Trump’s reputation.

Click here for details.


Here’s where the major indices ended the day:

  • The S&P finished with a 0.2% loss. Down 6 points, the S&P ended at 2,880.
  • The DOW ended lower by 0.2%. Dropping 44 points, the DOW closed at 26,005.
  • The NASDAQ dropped 0.4%. With a 30 point loss, the NASDAQ finished at 7,793.

Crude Oil (CL) finished the day at 6 months lows. Down 4.0%, CL ended at $51.13 a barrel.

Today’s Crude Oil Inventories showed a jump in inventories. The report showed that U.S. stockpiles increased by 2.2 million barrels compared to the 1 million barrels expected.

Facebook (FB) finished higher yesterday after an analyst upgrade. But today the stock lost 1.7% over privacy practice concerns. A report claimed that internal emails show CEO Mark Zuckerberg isn’t making privacy a priority.

Wells Fargo (WFC) was another loser, dropped 2.9% today. The loss came after the bank warned that interest income for the year will be at the low end of expectations.

Here’s an interesting stat…

According to Kensho, the S&P trades higher 90% of the time two weeks after a close above its 50-day moving average. The S&P crossed its 50-day MA last week.

Here is the economic calendar for the week:

Real Time Economic Calendar provided by Investing.com.

Source: RockwellTrading by Markus Heitkoetter | Original Link

Posted in Top Trading Advice | Best Investment Opportunities | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

What Defensive Sectors on the Rise Means For the Market?

FREE DOWNLOAD – The Rebel’s Guide to Trading Options – How to Protect & Profit in any Market

Free TheoVideo Report – for Thursday, June 13, 2019 by Corey Rosenbloom

As we watch money flow into defensive sectors – especially Utilities and Consumer Staples (XLU and XLY) – what does it say about the broader market and stocks in general?  In tonight’s video, Corey walks you through the nine major market sectors and then highlights what the strength in defensive sectors means for us right now.

Posted in Don Kaufman, Free Trading Videos | Tagged , , , , , , , , , , , , , , , , | Leave a comment