Stocks opened higher, then struggled to find direction today.
After a sideways morning, the major indices rallied to session highs midday. But stocks sold off in the afternoon.
There was a small push higher in the last hour of trading that helped the major indices get back to breakeven. But in the end, the major indices were mixed at the end of the session.
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Here’s where the major indices ended the day:
- The S&P finished flat. Up less than a point, the S&P ended at 2,670.
- The DOW ended 0.1% lower. Dropping 14 points, the DOW closed at 24,449.
- The NASDAQ was up 0.3%. With an 18 point loss, the NASDAQ finished at 7,129.
- Bitcoin ended 0.4% higher. Adding $38, Bitcoin is trading at $8,923.
Crude Oil (CL) got off to a rough start but rallied for most of the day. Up 0.4%, CL ended at $68.69 a barrel.
Apple (AAPL) finished 0.3% lower after a big drop on Friday. Apple was lower for the 4th day in a row after concerns over sales and an analyst suggesting that the iPhone X could be dropped this year.
Interest rates remain in the spotlight, with the 10-year yield approaching 3% for the first time in 4 years.
Alphabet (GOOG) reports earnings this afternoon, as traders turn their attention towards earnings this week. Amazon (AMZN) will report on Thursday.
Source: RockwellTrading by Markus Heitkoetter | Original Link