Stocks Down in the Overnight Amid Overall RallyPosted 09/23/2019 12:59PM CT |
Nasdaq, Dow Jones, and S&P 500 futures all fell slightly on Monday morning, amid what is currently being referred to as a market rally. The total overnight losses weren’t too bad with the Dow dropping .2%, the S&P .15% and the Nasdaq .1%. In other words, traders aren’t too worried. On the China front, trade talks are supposedly going well, according to U.S. officials. Stocks fell on Friday after a trip to a Montana farm that included Chinese officials was cancelled, but we were assured it was only cancelled to avoid the media uproar that would ensue.
Now onto the uncertainty that is crude oil. Crude oil dropped a little bit over the weekend as the market still recovers from last weekend’s attacks on Saudi Oil facilities. A U.N. summit is set to occur soon to discuss the attacks and how to proceed. We should hopefully get a cleared sense of where oil is headed after that. Until then, stay tuned.