Stocks were mixed today, with the DOW and S&P finishing lower for the 2nd day in a row.
But tech stocks did ok today, and the NASDAQ managed to end the session slightly higher.
Today President Trump addressed the UN, where he criticized OPEC and reiterated his position on trade, saying that China has been taking advantage of the U.S.
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Here’s where the major indices ended the day:
- The S&P finished 0.1% lower. Down 4 points, the S&P ended at 2,916.
- The DOW ended with a 0.3% loss. Dropping 70 points, the DOW closed at 26,492.
- The NASDAQ was up 0.2%. With a 14 point gain, the NASDAQ finished at 8,007.
- Bitcoin finished 3.6% lower. Down $240, Bitcoin ended at $6,375.
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Crude Oil (CL) finished higher for the 3rd day in a row. Up 03%, CL ended at $72.27 a barrel.
Intel (INTC) was the worst performer in the DOW today, suffering a 2.1% loss after getting an analyst downgrade.
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Today was the first day of the Fed’s 2-day policy meeting. The meeting wraps up tomorrow with a Fed Statement and decision on interest rates. At this point, everyone expects that the Fed will raise rates. But traders will keep a close eye on the statement to try and interpret the Fed’s plans for the future.
Source: RockwellTrading by Markus Heitkoetter | Original Link