Sometimes, even the best need a break – and it seems, today the markets needed it

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Stock Market Update Tuesday, April 28th, 2020

Boeing Stock Analysis after the crash

Stocks dropped for the first time in 4 days, with tech stocks leading the major indices lower.

At one point the S&P was up 1.5%. But after a strong start, stocks quickly dropped.

The major indices were in a free fall pretty much all morning, erasing early gains and turning negative for the day.

There was a bit of a bounce in the afternoon. But another slide in the last 15 minutes of trading left stocks near session lows.

Here’s where the major indices ended the day:

  • The S&P finished with a 0.5% loss. Down 15 points, the S&P ended at 2,863.
  • The DOW ended 0.1% lower. Dropping 32 points the DOW closed at 24,102.
  • The NASDAQ was down 1.4%. With a 122 point loss, the NASDAQ finished at 8,608.

Crude Oil (CL) dropped for the 2nd day in a row. With a 1.7% loss, Crude Oil ended the day at $12.56 a barrel.

Tech stocks led the way lower today.

Alphabet (GOOGL) lost 3.0% with earnings scheduled to be released after the bell. But after reporting better than expected revenue growth, GOOGL is up over 8.0% in after-hours trading.

Ford (F) reported a $2 billion first quarter loss today. The stock was up 4.1% at the close but is down more than 6.0% in after-hours trading.

We still have more big tech names reporting earnings this week. Including: Facebook (FB), Microsoft (MSFT), Amazon (AMZN), and Apple (AAPL).

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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