|Day's range||26,076.21 - 26,317.34|
|52-week range||22,219.11 - 26,616.71|
In the week that ended on September 7, US crude oil inventories fell 3% below their five-year average. In the previous week, inventories were on par with their five-year average.
US markets have been quite resilient for the most part in 2018—even in the face of escalating trade tensions between the United States and the European Union, Canada, Mexico, and China. The markets have tended to dive initially only to erase most of the losses later on—probably because the markets believe that the United States has the upper hand in the trade situation and has less to lose. In contrast, China’s major indexes have plunged ~25.0% from their highs this year, and its economic growth is also feeling the pressure from these escalating trade tensions.
Technology and consumer-focused companies led U.S. stocks broadly higher Tuesday afternoon, reversing much of the market's losses from a day earlier. Health care stocks also posted solid gains.
On September 17, US crude oil October futures fell just 0.1% and settled at $68.91 per barrel. However, in the last trading session, the Energy Select Sector SPDR ETF (XLE) rose 0.2%.
Investing.com - Wall Street was higher on Tuesday, as investors shrugged off news that China is retaliating against a fresh round of U.S. tariffs.The S&P 500 rose 9 points, or 0.34%, to 2,898.68 as of 9:36 AM ET (13:36 GMT), while the Dow increased 77 points, or 0.30%, to 26,140.10 and the tech-heavy Nasdaq Composite jumped 43 points, or 0.56%, to 7,939.77.China said it would impose new tariffs on U.S. goods worth $60 billion, effective Sept. 24, Reuters reported. The new tariffs are in response to U.S. ...
Wall Street stocks rose early Tuesday despite an escalation in the US-China trade war with new tariffs announced by both sides. Analysts said the market's response was due to relief US tariff measures ...
Based on the early price action and the current price at 26099. Basically, we’re looking at a possible two-sided trade today unless support and resistance is taken out. Look for an upside bias to develop on a sustained move over 26205 and for a downside bias to develop on a sustained move under 25691.
Investors “were expecting tariffs of 25% and instead only got ones of 10% for now so the reaction is quite positive.”
Global stocks trade mostly higher on Tuesday morning following Trump’s 10% tariffs on an additional 200B of Chinese imports.
Based on last week’s close at 26158, the direction of the September E-mini Dow Jones Industrial Average futures contract is likely to be determined by trader reaction to a long-term downtrending Gann angle at 26128.
Asian markets were mixed on Tuesday after President Donald Trump ordered tariffs on $200 billion more in Chinese goods, ramping up tensions between the world's top two economies. Investors have been expecting ...
U.S. stocks slipped Monday, sending the Nasdaq Composite to its biggest one-day loss since July, as fresh trade threats between the U.S. and China stoked caution among investors. Signs that the U.S. trade fight with China is set to escalate this week capped stock gains and sent the dollar lower. The Trump administration is planning to unveil new tariffs on $200 billion in Chinese goods, with President Trump saying Monday that he would make an announcement after the end of the trading day.
On a day indexes retreated on renewed trade worries, a report that Aurora Cannabis is talking with Coca-Cola caused the marijuana stock to soar.