Stocks end mixed, but is bitcoin back?

Markus Heitkoetter Rockwell Trading

Stocks were quiet today after yesterday's strong to start to April.

The S&P is just 2% away from its record high. But today the index went nowhere and the major indices ended the day mixed.

The NASDAQ was the clear leader today, finishing with a 0.3% gain. The index was helped out by Facebook (FB) and its 3.3% move.

Here's where the major indices ended the day:

The S&P finished flat at 2,867.
The DOW ended lower by 0.3%. Dropping 79 points, the DOW closed at 26,179.
The NASDAQ was up 0.3%. With a 20 point gain, the NASDAQ finished at 7,849.

Crude Oil (CL) blew right past the $61 mark yesterday and today it was the $62 mark that was breached. It was the first close above $62 since November 8th. Up 1.6%, CL ended at $62.55 a barrel.

Is Bitcoin back? Or was it just an April Fools' rally?

The cryptocurrency rocketed higher this morning, hitting the $5,000 mark for the first time in more than 4 months. The rally came after an April Fool's article said that there was an "emergency meeting" held by regulators to approve a Bitcoin ETF. But there was also a Reuters report that a private buyer created a $100 million position over a short period. Whatever the reason for the rally, Bitcoin ended the day with a 16.9% gain.

Walgreens Boots Alliance (WBA) was hit with a loss after disappointing earnings. WBA ended the day with a 12.8% loss.

Author

Markus Heitkoetter

Rockwell Trading

As founder and CEO of Rockwell Trading Services LLC., Markus Heitkoetter has shared his trading methods and ideas with more than 300,000 traders in over 196 countries.

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