dowoct17-300x136 Market Snapshot - Thursday 10.17.19

Markets rallied slightly today on news that UK Prime Minister Boris Johnson reached a Brexit deal with Brussels. Another factor supporting the broader market are the Q3 earnings results that are coming in stronger than expected.

 

US housing starts came in at 1.256 million, lower han analyst expectations of 1,300 million. Jobless claims remained at a 50-year low at 214,000, lower than economist expectations of 215,000. The Philadelphia Fed’s October business index came in at 5.6, lower than the anticipated figure of 6.4.



The risk of loss in the trading of stocks, options, futures, forex, foreign equities, and bonds can be substantial and is not suitable for all investors. Trading on margin or the use of leverage is not suitable for all investors and losses exceeding your initial deposit is possible. Supporting documentation is available upon request. Trading futures, options on futures, and FX involves substantial risk of loss and is not suitable for all investors. Carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources and only risk capital should be used. Opinions, market data, and recommendations are subject to change at any time. The lower the margin used the higher the leverage and therefore increases your risk. Past performance is not necessarily indicative of future results.