Stocks bounced back today, with traders less worried about a U.S. response to Syria’s alleged chemical weapons attack.
The change in mood came after President Trump tweeted that a U.S. attack “could be very soon or not so soon at all.”
The message was pretty cryptic, but traders seemed to know what to do…buy stocks!
The major indices rallied at the open. And in less than 40 minutes, the major indices were up over 1.0%. Trading was sideways for the rest of the day before ending the session with nice gains across the board.
— TRENDING NOW—
|
[Free Download] The $2.4 Million Trader Playbook 
If you don’t make enough from your trades or you’re unhappy with your income, this is something you’ll really want to check this out… |
Here’s where the major indices ended the day:
- The S&P finished with a 0.8% gain. Up 22 points, the S&P ended at 2,664.
- The DOW ended 1.2% higher. Adding 294 points, the DOW closed at 24,483.
- The NASDAQ was up 1.0%. With a 71 point gain, the NASDAQ finished at 7,140.
- Bitcoin ended 14.6% higher. Gaining $1,004, Bitcoin is trading at $7,900.
Crude Oil (CL) finished higher for the fourth day in a row. Up 0.5%, CL ended at $67.13 a barrel.
With fears over the Syria conflict calming down, Gold (GC) pulled back. After approaching highs of the year yesterday, Gold ended the day 1.5% lower at $1340.1 an ounce.
JP Morgan Chase (JPM), Citigroup (C), and Wells Fargo (WFC) will report earnings tomorrow before the opening bell. The reports mark the “unofficial” kick-off of earnings session.
And earnings are expected to be great. According to FactSet, S&P 500 companies could experience the biggest quarterly growth since 2011.
Source: RockwellTrading by Markus Heitkoetter | Original Link