Stocks began the day with small losses after tensions between the U.S. and Iran made headlines.
President Trump threatened Iran after Iran’s President said “don’t play with the lion’s tail, this would only lead to regret.” Trump’s Twitter response: “Never, ever threaten the United States again or you will suffer consequences the likes of which few throughout history have ever suffered before…”
Traders actually seemed to shrug off the war of words, as the major indices traded sideways for most of the morning. Although the DOW finished the day with losses, a small afternoon rally helped lift the S&P and NASDAQ into positive territory for the day.
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Here’s where the major indices ended the day:
- The S&P finished with a 0.2% gain. Up 5 points, the S&P ended at 2,807.
- The DOW ended 0.1% lower. Dropping 14 points, the DOW closed at 25,044.
- The NASDAQ was up 0.3%. Adding 22 points, the NASDAQ finished at 7,842.
- Bitcoin ended 2.1% lower. Losing $160, Bitcoin is trading at $7,355.
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Crude Oil (CL) rallied on Trump’s threat but eventually finished the day with losses. Down 0.6%, CL finished at $67.82 a barrel.
It’s a big week for earnings with almost 1/3 of S&P 500 companies reporting this week.
Today Haliburton (HAL) dropped 8.1% after worse than expected earnings. Hasbro (HAS) beat expectations and rallied 12.9%.
Alphabet (GOOG) reported after the bell. With better than expected earnings, Alphabet is up almost 2% in after-hours trading.
Source: RockwellTrading by Markus Heitkoetter | Original Link