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.