Today stocks closed lower, as investors are waiting for an imminent strike against Syria.
Investors have been waiting for a response from President Trump, after a chemical attack from the Syrian government killed more than 40 people over the weekend.
And today, the situation escalated when Russia warned that it would shoot down any missiles fired at Syria.
President Donald Trump replied “Get ready Russia, because they will be coming.”
In other news, Minutes from the March FOMC meeting were released on Wednesday afternoon.
But there were no surprises.: The minutes showed that a number of Fed officials think that there will be more rate increases as initially expected. But this statement is in line with the so-called “dot plot,” which was released at the end of the March meeting.
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Here’s where the major indices ended the day:
- The S&P finished with a 0.6% loss. Down 15 points, the S&P ended at 2,642.
- The DOW ended 0.9% lower. Losing 219 points, the DOW closed at 24,189.
- The NASDAQ was down 0.4%. With a 25 point loss, the NASDAQ finished at 7,069.
- Bitcoin ended 1.0% higher. Gaining $71, Bitcoin is trading at $6,942.
Crude Oil (CL) moved higher amid tension in the Middle East. Up 2.0%, CL ended at $66.81 a barrel.
Source: RockwellTrading by Markus Heitkoetter | Original Link