Hello traders everywhere. I'm doing something a little different today by doing this mid-day video after the close. The reason? As I was preparing, President Trump said he would announce his decision on the Iran nuclear deal at 2 PM EDT on Tuesday. The DOW had been up as much as 219 points on the day before reversing course on the announcement. So with that news affecting the markets, I decided to hold off and see where we landed.
With that being said, overall the stock market finished up on the day with the S&P 500 up +.35%, DOW +.39% and the NASDAQ leading the way with a +.79% being pushed by Amazon and Netflix.
But the real market driver today was that oil and the energy sector. Crude oil traded as high as $70.76. That's the highest level since 2014, before it backed off the high to close at $69.89 +.17% on the day.
Key Levels To Watch This Week:
S&P 500 (CME:SP500): 2,717.49
Dow (INDEX:DJI): 24,858.97
NASDAQ (NASDAQ:COMP): 6,926.97
Gold (NYMEX:GC.M18.E): 1,308.50
Crude Oil (NYMEX:CL.M18.E): 68.12
U.S. Dollar (NYBOT:DX.M18.E): 88.94
Bitcoin (CME:BRTI): 7,823.06
Every Success,
Jeremy Lutz
INO.com and MarketClub.com
Wall Street’s main indexes closed higher on Monday, helped by the technology and energy sectors as oil prices rose and investors waited for an expected U.S. Federal Reserve rate hike later in the week.