Thursday's Market Recap - Investors try To Balance Risk In US China Trade Talks At G20.
What is The Premarket Telling Us?
7:00 AM.
Stock index futures are mixed, early in the premarket. Dow futures down 36 points, Nasdaq futures up 23 points, and S&P futures up 6.50 points. Asian stock closed decisively higher overnight.
On The Bond Desk:
The US 10 Year Bond Yield at 2.05%, up 0.06%, or six basis points.
Currency Desk:
Euro dollar: 1.13
UK Pound: 1.27
Crude Oil:
WTI crude oil futures at $58.87/barrel, slightly down 0.86%.
On the Earnings Calendar:
Walgreen's reported better than expected quarterly earning results. Shares up in the premarket.
In M&A News:
None
What About The Asian And European Markets?
Major Asian markets closed solidly higher . Japan (Nikkei 225) up 1.19%, Shanghai gained 0.69%, Hong Kong (Hang Seng) up 1.42%
Major European markets ended mixed. German (DAX) added 0.21%, France CAC 40 down 0.13%, London FTSE 100 down 0.19%.
Market And Sector Dynamics
Markets opened the trading session modestly higher, with the Dow up 10 points, Nasdaq up 31 points, and S&P added 8 points. Better than expected earnings from Walgreen's, have investors pushing shares 3% higher, early in the session. WTI crude oil, flat at the opening at $59.38/barrel.
The Dow spent most of the morning session in negative territory, with the Dow down more than 70 points, before recovering early in the afternoon session, and hitting the high of the day around 2:00 PM, with the Dow up 70 points.
Today session was mostly positive, with ten of the eleven S&P sectors ending the day with gains, led by Financials, Real Estate, Healthcare, Consumer Discretionary, Communication Services, Basic Materials, and Technology. Energy was the laggard in today's session.
Factors Influencing Today's Market
Strong quarterly earnings from Walgreen's helped the Nasdaq index today.
Asian stocks were solidly higher overnight setting the trend for our markets.
Third read on 1 Qtr. GDP remained at 3.1%, unchanged.
This week's Initial Jobless Claims rose 10,000 claims, to 227,000 claims.
WTI crude oil price closed slightly up today, at $59.43/barrel, up 0.08%.
Market Close Volume Traded And Advance Decline Ratio
At the end of trading today, markets were mixed. The Dow slipped 10.24 points, Nasdaq gained 57.78 points, and S&P added 11.14 points. Total NYSE volume traded, 3.16 billion shares. Advancing shares outpaced Declining shares 2:55:1.
Data Sources: Bloomberg, CNBC, CNN Money, Google Finance, Market Watch, TD Ameritrade, Yahoo Finance.
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