Stocks woke up this morning and said Italy WHO?!
After yesterday’s slide, the major indices bounced right back. The situation in Italy hasn’t changed much, but traders didn’t seem to care.
The rally wasn’t just in the U.S. either. Stocks were higher in Europe and Italian shares were also higher, ending a 5-day slide.
— TRENDING NOW—
$330,000 per year trading part-time?
Check Out This Video to Learn Jason’s 3 Simple Trading Patterns
Here’s where the major indices ended the day:
- The S&P finished with a 1.3% gain. Up 34 points, the S&P ended at 2,724.
- The DOW ended 1.3% higher. Adding 306 points, the DOW closed at 24,668.
- The NASDAQ was up 0.9%. With a 66 point gain, the NASDAQ finished at 7,462.
- Bitcoin ended 2.3% lower. Losing $175, Bitcoin is trading at $7,335.
Crude Oil (CL) had its 6-day losing streak come to an end today. Up 2.3%, CL ended at $68.24 a barrel.
Earnings remain strong with more companies reported better than expected earnings.
Salesforce (CRM) beat expectations and rallied 1.95%. Hewlett Packard (HPQ) also had an earnings beat and was up 4.0%.
Dick’s Sporting Goods (DKS) had a HUGE move higher after better than expected earnings, jumping 25.8%. But Michael Kors (KORS) and DSW (DSW) didn’t do as well, dropping 11.5% and 5.6% even though the two companies beat expectations.
Source: RockwellTrading by Markus Heitkoetter | Original Link