In Tonight's Update: 1) Comments from Jerome Powell, the new Federal Reserve Chair, suggest we may see 4 rate hikes this year causing stocks to close significantly lower. The Dow Jones Industrial Average dropped 300 points today, the S&P 500 fell 35 points while the Nasdaq closed lower by 91 points and the Russell 2000 finished lower by 22 points. 2) U.S. Treasury yields moved sharply higher after Powell's comments with the 10-year note hitting a high of 2.915 before settling back down at 2.898. Crude oil Futures also fell closing $1.02 lower while Gold Futures dropped $13.00 due mostly to strength in the U.S. dollar. 3) Amazon (AMZN) does it again. This time they are moving into the home security space. Earlier today, AMZN announced a buyout of the digital doorbell maker Ring. The deal is expected to be worth a little over $1 Billion.
To watch video http://bit.ly/TradingWinsFeb272018
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.