Stock Market

Stock market update Thursday 18th July 2019

Closing positions of: FTSE 100, S&P 500, DOW, DAX, NASDAQ, NIKKEI & GOLD

I trade these on a regular basis

FTSE 100 – closed at: 7493 (down)

DAX – closed at: 12228 (down)

DOW – closed at: 27223 (up 3 pts)

S&P 500 – closed at: 2995 (up 10 pts)

NASDAQ – closed at: 8207 (up 22 pts)

NIKKEI – closed at: 21046 (down)

GOLD – closed at: $1,445 (up)

The Dow Jones managed to reverse an intraday fall of around 150 points to finish up on the day. Investors appear to be betting the Fed will deliver that rate cut. The question now is, by how much?

Earning season reports appear, so far, to be better than analysts forecasts. S&P 500 regaining lost ground to close at: 2995

I’m beginning to wonder whether I should take any notice of ‘analysts guesses’ anymore?

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