At-a-Glance
Today’s Top Highlights
Yesterday, there was a broad move across many markets pushing prices higher off of a heavy headline dominated weekend, and today was met with less volatility and a mix in price action. Tech names in the Nasdaq saw selling pressure which drove the Nasdaq lower by about 1.8% and the S&P and Russell both also saw some marginal losses for the day. The precious metals markets were close to unchanged today with Gold and Silver not seeing much movement, but Platinum saw a surge through the day trading up over 2% as it recovered from heavily oversold levels looking at the daily relative strength index.
Crude Oil futures continued to experience selling pressure today with prices falling another 5% today with more news of a deal getting done in the Middle East. Last week on Monday, the market opened at $93.00/barrel, and now prices are right near $76.50/barrel, which is a strong move for just a week of trading, and have now entered “oversold” territory. Tomorrow will bring the interest rate decision where the expectation is rates will remain unchanged, but traders will be looking and listening for future guidance on where rates might be for the remainder of the year.
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