{"id":44118,"date":"2017-10-04T13:26:49","date_gmt":"2017-10-04T17:26:49","guid":{"rendered":"http:\/\/www.ino.com\/blog\/?p=44118"},"modified":"2017-10-04T13:26:49","modified_gmt":"2017-10-04T17:26:49","slug":"markets-reverse-course-tillerson-staying","status":"publish","type":"post","link":"https:\/\/wwwtest.ino.com\/blog\/2017\/10\/markets-reverse-course-tillerson-staying\/","title":{"rendered":"Markets Reverse Course With Tillerson Staying"},"content":{"rendered":"

Hello traders everywhere. The S&P 500 and the Nasdaq reversed course to hit new record highs after U.S. Secretary of State Rex Tillerson denied reports that he had considered resigning in a press conference this morning.<\/p>\n

Tillerson spoke after reports that Vice President Mike Pence and other top officials intervened to persuade him not to resign during the summer as tensions rose with President Donald Trump. <\/p>\n

\"I have never considered leaving this post,\" said Tillerson. \"I am here for as long as the President feels I can be useful to achieving his objectives.\"<\/p>\n

\"MarketClub's<\/a> <\/p>\n

The markets seemed to have breathed a sigh of relief that Tillerson is staying in office after a drop in technology stocks had pulled down the S&P and the Nasdaq in early trading. <\/p>\n

Meanwhile, data released this morning pointed to further strengthening of the economy. The ADP National Employment Report indicated that the private sector added a better-than-expected 135,000 jobs in September, even as Hurricane Harvey and Irma \"significantly impacted smaller retailers.\" <\/p>\n

The rest of the week is loaded with economic data, leading up to Friday's nonfarm payrolls report for September.<\/p>\n

Key levels to watch this week:
\nS&P 500 (CME:SP500)<\/a><\/strong>: 2,474.52
\nDow (INDEX:DJI)<\/a><\/strong>: 21,927.79
\nNASDAQ (NASDAQ:COMP)<\/a><\/strong>: 6,343.94
\nGold (NYMEX:GC.Z17.E)<\/a><\/strong>: 1,271.00
\nCrude Oil (NYMEX:CL.X17.E)<\/a><\/strong>: 51.71
\nU.S. Dollar (NYBOT:DX.Z17.E)<\/a><\/strong>: 91.16<\/p>\n

Every Success,
\nJeremy Lutz
\nINO.com <\/a>and MarketClub.com <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Hello traders everywhere. The S&P 500 and the Nasdaq reversed course to hit new record highs after U.S. Secretary of State Rex Tillerson denied reports that he had considered resigning in a press conference this morning. Tillerson spoke after reports that Vice President Mike Pence and other top officials intervened to persuade him not to […]<\/p>\n","protected":false},"author":41,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[9102,6249,9023,4257,6320,6319,9103],"class_list":["post-44118","post","type-post","status-publish","format-standard","hentry","category-trading-videos","tag-crude-oil-nymexcl-x17-e","tag-dow-indexdji","tag-gold-nymexgc-z17-e","tag-mid-day-report","tag-nasdaq-nasdaqcomp","tag-sp-500-cmesp500","tag-u-s-dollar-nybotdx-z17-e"],"yoast_head":"\nMarkets Reverse Course With Tillerson Staying - INO.com Trader's Blog<\/title>\n<meta name=\"description\" content=\"The S&P 500 and the Nasdaq reversed course to hit new record highs after U.S. Secretary of State Rex Tillerson denied reports that he would resign.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ino.com\/blog\/2017\/10\/markets-reverse-course-tillerson-staying\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Markets Reverse Course With Tillerson Staying - 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