Stocks were all over the place today!
The major indices were higher at the open, then continued to rally in the morning. But just after 10am ET, stocks turned on a dime.
The sell off was brutal. For a little more than 2 hours, stocks moved straight down.
But right around 12:20pm ET, the major indices reversed course again. And a rally into the close helped the major indices finish the day with a win.
The S&P experienced a 1.6% swing today before finishing the session slightly higher.
— RECOMMENDED —
$330,000 per year trading part-time?
Check Out This Video to Learn Jason’s 3 Simple Trading Patterns
Here’s where the major indices ended the day:
- The S&P finished with a 0.2% gain. Up 6 points, the S&P ended at 2,639.
- The DOW ended higher by 0.7%. Adding 171 points, the DOW closed at 24,576.
- The NASDAQ was up 0.1%. With a 5 point gain, the NASDAQ finished at 7,026.
- Bitcoin finished lower by 1.8%. Down $65, Bitcoin ended at $3,495.
Crude Oil (CL) finished lower for the 2nd day in a row. Down 0.7%, CL ended at $52.64 a barrel.
Today was another day centered around earnings. And today the numbers were great.
Procter & Gamble (PG) was up 4.9% after better then expected numbers. IBM (IBM) was up 8.5% after an earnings beat. And United Technologies (UTX) jumped 5.4% on earnings.
Here is the economic calendar for the week:
Real Time Economic Calendar provided by Investing.com.
Source: RockwellTrading by Markus Heitkoetter | Original Link