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Stocks Finish Mostly Higher on Earnings Optimism
The S&P 500 Index ($SPX ) (SPY ) closed up by +0.38% on Tuesday, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed up by +1.02%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.13%. December E-mini S&P futures (ESZ26 ) rose +0.33%, and December E-mini...
Dollar Retreats on Weak US Housing News and Stock Strength
The dollar index (DXY00 ) tumbled to a 2.5-week low on Tuesday and finished down by -0.25%. The dollar retreated on Tuesday, pressured by a rally in the Chinese yuan to a 4-year high. Weak US housing news on Tuesday was also bearish for the dollar after US Sep housing...
Crude Oil Prices Fall on Diplomacy Hopes to End Iran War
December WTI crude oil (CLZ26 ) closed down -0.72 (-0.73%) on Tuesday, and December RBOB gasoline (RBZ26 ) closed down -0.606 (-1.95%). Crude oil and gasoline prices erased an early rally on Tuesday and settled sharply lower, with gasoline falling to a 7-week low. Long liquidation pressures emerged on Tuesday...
Above-Average US Autumn Temps Weigh on Nat-Gas Prices
November Nymex natural gas (NGX26 ) on Tuesday closed down -0.095 (-3.11%). Nat-gas prices tumbled to a 3-week nearest-futures low on Tuesday and settled sharply lower. Forecasts for above-average US autumn temperatures that could curb nat-gas heating demand are weighing on prices. The Commodity Weather Group said Tuesday that it...
US regulators certify Boeing 737 Max 10 after years of delay
The US Federal Aviation Administration has given final approval for the 737-10, the largest model in Boeing's best-selling Max family. The certification comes more than five years after the narrowbody jet's maiden flight, and marks an important step for the planemaker that's been trying to regain ground following a safety and management crisis. Plus, the French government has offered all businesses affected by the recent riots a interest-free loan of up to 50,000 euros.
ORBX Crowded With Sellers
In trading on Tuesday, shares of the ORBX ETF (Symbol: ORBX) entered into oversold territory, changing hands as low as $35.50 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a