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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%.

Author

Markus Heitkoetter

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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