Stocks went nowhere today

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%.

Trading Futures, options on futures and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. The lower the day trade margin, the higher the leverage and riskier the trade. Leverage can work for you as well as against you; it magnifies gains as well as losses. Past performance is not necessarily indicative of future results.