Trump’s Tweets move the market

Stocks were off to the races early on today. Apple (AAPL) was trading at record highs and the major indices were sitting on some nice gains at the open.

But after the strong start, things quieted down, and the major indices were sideways until late afternoon.

Stocks were finally moving again after President Trump tweeted that he will announce whether or not he’ll pull out of the Iran nuclear deal on Tuesday at 2pm ET.

Trump has threatened to pull out of the agreement, even though U.S. allies are lobbying for the U.S. to stay committed to the deal.

Traders didn’t seem to like Trump’s tweet. The major indices pulled back on the news, giving up a portion of today’s early gains.


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Here’s where the major indices ended the day:

  • The S&P finished with a 0.4% gain. Up 9 points, the S&P ended at 2,673.
  • The DOW ended 0.4% higher. Adding 95 points, the DOW closed at 24,357.
  • The NASDAQ was up 0.8%. With a 56 point gain, the NASDAQ finished at 7,265.
  • Bitcoin ended 2.5% lower. Losing $240, Bitcoin is trading at $9,450.

Crude Oil (CL) pulled back with stocks in the afternoon, but not before rallying to highs not seen in almost 3 years. Up 1.5%, CL ended at $70.73 a barrel.

Apple (AAPL) continued its march higher, making record highs and finishing higher for the 6th day in a row. Apple ended the day with a 0.7% gain. NVIDIA (NVDA) was another nice mover after an analyst upgrade. Bank of America gave the stock a buy rating. NVIDIA was up 2.6% and will report earnings on Thursday.

Source: RockwellTrading by Markus Heitkoetter | Original Link

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