Facebook, Tesla, and Amazon could move the markets tomorrow

Stocks were all over the place today.
The major indices dropped after the open but turned on a dime just 20 minutes into the trading session. And around 11am ET, the major indices were trading at new highs of the year.
But after the S&P and NASDAQ hit highs for 2019, stocks dropped again during lunch.
There was a rally back to today's open during the last hour of the day. But another pullback in the last 15 minutes of trading left the major indices with a 0.2% loss across the board.
Here's where the major indices ended the day:
- The S&P finished with a 0.2% loss. Down 6 points, the S&P ended at 2,927.
- The DOW ended lower by 0.2%. Dropping 59 points, the DOW closed at 26,597.
- The NASDAQ was down 0.2%. With a 19 point loss, the NASDAQ finished at 8,102.
Crude Oil (CL) dropped for the first time in 3 days. Down 0.7%, CL ended at $65.83 a barrel. Today's Crude Oil Inventories showed a 5.5 million barrel increase in U.S. stockpiles compared to the 0.9 million barrel increase expected.
Earnings were mixed today.
Boeing (BA) reported worse than expected earnings but ended with a 0.4% gain. Caterpillar (CAT) reported better than expected earnings but finished with a 3.0% loss. And AT&T (T) suffered a 4.1% drop after disappointing numbers.
Tesla (TSLA) reported earnings after the bell. The company reported a bigger loss than expected and lower revenue because a tax credit that expired on January 1st is having an impact on sales. In after-hours trading Tesla us up almost 2.0%.
Facebook (FB) also reported after the bell and is up big in after-hours trading (up more than 9.0%). Facebook had a strong quarter in spite of concerns that the company might take a $3-5 billion hit because of its ongoing FTC inquiry.
Tomorrow will be another big day for earnings. Amazon (AMZN), Ford (F), and Starbucks (SBUX) are just a few of the big names set to report.
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.
















