Markus Heitkoetter
Rockwell Trading
Stocks went nowhere today.
This morning, there was some underwhelming U.S-China trade news to deal with.
There were reports that a meeting between President Trump and Chinese President Xi Jinping might be pushed back to April (or later).
After news about the possible delay in trade talks hit, the S&P traded in its 2nd smallest range of the year.
But in a surprise move, the DOW actually led the major indices.
The DOW has been held back by Boeing (BA). But today the DOW finished positive in spite of a 1.0% Boeing loss.
Here's where the major indices ended the day:
- The S&P finished with a 0.1% loss. Down 2 points, the S&P ended at 2,808.
- The DOW ended flat. Adding just 7 points, the DOW closed at 25,710.
- The NASDAQ was down 0.2%. With a 13 point gain, the NASDAQ finished at 7,643.
Crude Oil (CL) finished higher for the 4th day in a row. Up 0.5%, CL ended at $58.59 a barrel with its best close since early November.
Apple (AAPL) was on the move while the major indices were quiet. The stock finished higher by 1.1%, helped out by another analyst upgrade.
But Facebook (FB) struggled today. Yesterday's outage didn't help matters. But the real concern today was a New York Times report saying that the company is being investigated for some of its data deals. The stock finished lower by 1.9%.
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