The Dow, S&P, and Nasdaq closed in the red
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| | 7/16/2019 | |
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Dow Snaps Win Streak Despite Big Bank Earnings | By Karee Venema | | A strong post-earnings showing from big banks Goldman Sachs (GS) and JPMorgan Chase (JPM) helped send the Dow to a new record high today. But while the blue-chip index achieved this milestone, it closed in the red to leave its win streak at four. The S&P and Nasdaq, meanwhile, briefly traded in positive territory, but eventually closed lower -- the former snapping its own daily winning streak -- after President Donald Trump said at a cabinet meeting the U.S. and China have "a long way to go" in trade negotiations, and threatened tariffs on more Chinese goods. Continue reading for more on today's market, including: - 2 reasons contrarians should check out Roku stock.
- This China ETF is facing a tough chart challenge following a G-20 pop, according to founder and CEO Bernie Schaeffer.
- Netflix options are pricing in a volatile earnings reaction.
- Plus, Trump's latest FAANG target; a small-cap stock expected to double; and how Alcoa options traders are positioned ahead of earnings.
| >> Continue reading... | |
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