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D&D Note

D&D Note (4.10.2018) ~ Markets Rally On Eased Trade War Concerns ~ #StockMarket #Rally #Xi #Facebook #Zuckerberg

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D&D Note (4.10.2018) ~ Markets Rally On Eased Trade War Concerns ~

A broad based rally was seen in the markets today after the President of China Xi Jinping gave positive open market comments last night to help ease concerns of a Trade War. While Xi did give a few jabs seemingly at Trump and the US neither were specifically named. Futures last night rose over 1% during the speech and followed through into cash trading today.

The DOW closed up 1.79% (428.90 points)

The S&P 500 closed up 1.67% (43.71 points)

The NASDAQ closed up 2.07% (143.96 points)

One of the main focuses today was the Capital Hill hearing involving the Facebook CEO Mark Zuckerberg. Dressed in a suit and Facebook blue tie Mark was grilled by almost half of the US Senate. Perhaps the toughest questions were on whether the company is a monopoly and how the overall internet based advertising system works including cookies and retargeting. The FB stock rallied the most in years finishing up 4.50% at $165.04 a share.

The Energy sector was the leader of the day coinciding with the large gain in Oil of 3.58% at $65.69.

The 10YR yield rose to just under 2.80% while the 30YR yield remained UNCH at 3.017% further flattening the yield curve.

The interest rate sensitive sectors were the losers on the day with both Utilities and Real Estate sectors finishing lower on the session.

In a further sign of the continued global expansion Copper got a strong bid rising to $3.1375 up 1.97%.

 

D&D movers:

– TWMJF up 7.66%

– NVDA up 5.80%

– MU up 5.25%

– TSLA up 5.19%

– WNS down -0.50%

Indexes

– DOW up 1.79%

– NASDAQ up 2.07%

– S&P up 1.67%

Sector Movers:

– Energy up 3.32%

– Technology up 2.48%

– Telecom up 2.31%

– Utilities down -0.72%

– Real Estate down -0.71%

Notes

– US 2-YR 2.307% (up 0.021)

– US 10-YR 2.799% (up 0.013)

– US 30-YR 3.017% (UNCH)

Volatility

– VIX 21.48 (down -5.93%)

Crypto (1:00 PST)

– BTC $6,846.24

– ETH $412.13

– BCH $652.97

– LTC $114.55

Metals

– Gold $1,343.90 up 0.28%

– Silver $16.565 up 0.22%

– Copper $3.1375 up 1.97%

Energy

– Oil $65.69 up 3.58%

– Brent $71.12 up 3.60%

– Nat Gas $2.655 down -1.41%

About ddinvestments

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