Stock Market Update Tuesday, April 2nd, 2019
Stocks were quiet today after yesterday's strong to start to April.
The S&P is just 2% away from its record high. But today the index went nowhere and the major indices ended the day mixed.
The NASDAQ was the clear leader today, finishing with a 0.3% gain. The index was helped out by Facebook (FB) and its 3.3% move.
Here's where the major indices ended the day:
- The S&P finished flat at 2,867.
- The DOW ended lower by 0.3%. Dropping 79 points, the DOW closed at 26,179.
- The NASDAQ was up 0.3%. With a 20 point gain, the NASDAQ finished at 7,849.
Crude Oil (CL) blew right past the $61 mark yesterday and today it was the $62 mark that was breached. It was the first close above $62 since November 8th. Up 1.6%, CL ended at $62.55 a barrel.
Is Bitcoin back? Or was it just an April Fools' rally?
The cryptocurrency rocketed higher this morning, hitting the $5,000 mark for the first time in more than 4 months. The rally came after an April Fool's article said that there was an "emergency meeting" held by regulators to approve a Bitcoin ETF. But there was also a Reuters report that a private buyer created a $100 million position over a short period. Whatever the reason for the rally, Bitcoin ended the day with a 16.9% gain.
Walgreens Boots Alliance (WBA) was hit with a loss after disappointing earnings. WBA ended the day with a 12.8% loss.
Here is the economic calendar for the week:
Real Time Economic Calendar provided by Investing.com.
This Stock Market Update was provided by Rockwell Trading Services LLC.