Stocks are all over the place! – Here’s what you need to know…

Stock Market Update Wednesday, April 3rd, 2019

Today the markets were all over the place. 

Stocks were higher out of the gate after the Financial Times reported that a trade deal is almost done.

There are still some items to be ironed out – China wants the U.S. to remove existing U.S. duties on imports and the U.S. wants China to agree to enforcement measures so they stick to any deal –  but the news was definitely positive, and traders responded to the news.

The major indices opened higher, then pulled back in the morning session.

There was a rally during lunch, and stocks were trading at session highs. But a dip in the afternoon brought the major indices to lows of the day.

At the end of the session stocks were higher, but trading right around where they opened. The S&P finished higher for the 5th day in a row, closing at highs of the year. 

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 2,873.
  • The DOW ended higher by 0.2%. Adding 39 points, the DOW closed at 26,218.
  • The NASDAQ was up 0.6%. With a 47 point gain, the NASDAQ finished at 7,896.

Crude Oil (CL) pulled back after making multi-month highs. Down 0.2%, CL ended at $62.45 a barrel. 

Is Bitcoin was on the move again today. Up another 10%, Bitcoin is up 26.9% in just two days. Crypto traders haven’t seen moves like this since 2017!

Lyft (LYFT) had its first winning day today. Up 1.5%, the stock finished at $70 a share, but still below its $72 IPO price.

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.

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