Russell 2000 Leads Bullish Rebound
MARKET SUMMARY
U.S. markets showed strength throughout Thursday’s session to end multi-session losing streaks ahead of a key budget deal to keep the government running. The Russell 2000 led the way higher after gaining 0.8% while the S&P 500 added 0.3% with both indexes snapping four-session losing streaks. The Dow closed in the green for the first time in six sessions after climbing 0.3% and the Nasdaq rose for the second-straight session after advancing 0.5%.
TRADE OF THE DAY
THE SCIENCE OF WINNING - PART 3
ANALYST UPGRADES / DOWNGRADES
AK Steel (AKS) upgraded to Overweight from Neutral at JPMorgan
Lululemon (LULU) upgraded to Hold from Sell at Canaccord
Shake Shack (SHAK) upgraded to Equal Weight from Underweight at Morgan Stanley
Priceline (PCLN) downgraded to Neutral from Buy at MKM Partners
Toll Brothers (TOL) downgraded to Outperform from Strong Buy at Raymond James
Yelp (YELP) downgraded to Underweight from Neutral at Piper Jaffray
EARNINGS
Friday's scheduled earnings include:
Johnson Outdoors (JOUT)
UPCOMING ECONOMIC NEWS
Friday's economic reports (EST):
Employment Report - 8:30am
Consumer Sentiment - 10:00am
Wholesale Trade - 10:00am
Baker-Hughes Rig Count - 1:00pm
METALS / OIL
Gold closed at $1,253.10 an ounce, down $13.00
Silver settled at $15.80 an ounce, down $0.15
Copper finished at $2.96 a pound, unchanged
Crude Oil closed at $56.61 a barrel, up $0.65
ARTICLE OF THE DAY
How to Avoid Making Trading Mistakes
It is an exciting feeling to trade in the markets, whether it is part time to build additional wealth or as a full time trader...[read more]
Make it a great day!
Todd Mitchell
QUOTE OF THE DAY
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