Stocks finished mixed after a choppy trading session.
There was some good news on trade after the U.S. reached an agreement with Mexico and Canada. The new trade agreement will be called the U.S.-Mexico-Canada Agreement (USMCA) and is expected to go before Congress for approval in November. But there are still concerns over trade with China after President Trump said that it’s still “too early” to talk with China about trade.
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The DOW rallied and finished with a record high. But the S&P was flat, and the NASDAQ ended the day with a loss.
Here’s where the major indices ended the day:
- The S&P finished flat. Down a point, the S&P ended at 2,923.
- The DOW ended with a 0.5% gain. Adding 123 points, the DOW closed at 26,774.
- The NASDAQ was down 0.5%. With a 38 point loss, the NASDAQ finished at 8,000.
- Bitcoin finished 0.2% lower. Down $15, Bitcoin ended at $6,505.
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Crude Oil (CL) pulled away from multi-year highs and finished slightly lower. Down 0.1%, CL ended at $75.20 a barrel.
Intel (INTC) helped with today’s DOW rally, finishing the day with a 3.6% gain. Meanwhile, Facebook (FB)continues to struggle following Friday’s security concerns. The stock was down 1.9% today and is down well over 5% since Friday.
In earnings news, Pepsi (PEP) reported better than expected earnings but finished the day with a 1.8% loss.
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Source: RockwellTrading by Markus Heitkoetter | Original Link