Stock Market Update Tuesday, September 10th, 2019

It was another lackluster trading day today.

All indices were slightly lower, but a late rally pushed the DOW into positive territory – but barely!

There was no news today that moved the markets:

 

No news from the China Trade War Saga.
No news regarding recession worries.
No major economic reports. Nothing.


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Here’s where the major indices ended the day:

  • The S&P finished unchanged. Up 1 point, the S&P ended at 2,979.
  • The DOW ended higher by 0.3%. Adding 74 points, the DOW closed at 26,909.
  • The NASDAQ was down 0.04%. With a 3 point loss, the NASDAQ finished at 8,084.

Crude Oil (CL) was also slightly lower. With a 0.8% loss, CL ended at $57.40 a barrel.

The only “big event” today was Apple’s (AAPL) product event. The biggest surprise was the price for its TV+ streaming service: only $4.99 per month.

That came as a surprise to some, since it’s lower than Netflix’s and Disney’s streaming service. As a result, Netflix (NFLX) was down 2.2%, Disney (DIS) traded 2.2% lower and Roku (ROKU) lost 10.5% after the announcement.

Apple (AAPL) finished 1.2% higher.

In earnings news, Wendy’s (WEN) finished 10.2% lower after announcing weaker than expected results.

Here is the economic calendar for the week:

Real Time Economic Calendar provided by Investing.com.

Source: RockwellTrading by Markus Heitkoetter | Original Link

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