DOW has best day in a month up 200 points – Here’s what you need to know…

Stock Market Update Tuesday, May 14th, 2019

Stocks bounced back a day after the worst drop since January.

Trade-sensitive stocks beaten down over the past week did well today.

Boeing (BA) jumped 1.7%, Apple (AAPL) was up 1.6%, and Caterpillar (CAT) rallied 1.7%.

The S&P was up as much as 1.5% this afternoon. But a dip into the close erased almost half of the day’s gains.

With a 207 point gain, the DOW had its best day in a month. But today’s gains made up for just 1/3 of a yesterday’s drop.

Here’s where the major indices ended the day:

  • The S&P finished with a 0.8% gain. Up 23 points, the S&P ended at 2,834.
  • The DOW ended higher by 0.8%. Adding 207 points, the DOW closed at 25,532.
  • The NASDAQ was up 1.1%. With a 270 point loss, the NASDAQ finished at 7,647.

Crude Oil (CL) rallied today, finding resistance around the $62 mark. Up 1.2%, CL ended at $61.78 a barrel.

Uber (UBER) finally had a winning day. The stock rallied 7.7% today.

Pot stock Tilray (TLRY) is up in almost 5% in after-hours trading after reporting better than expected earnings.

Tomorrow retail will be in the spotlight with Retail Sales released pre-market. We’ll also hear earnings from Alibaba (BABA), Macy’s (M), and Cisco (CSCO).

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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