Friend, Stocks Plunge on Disappointing Earnings | TradingGods.net

[TradingGods.net Logo] VIX Trader Status: Yellow Flag *****Advertisement***** 251 Trades Delivered to Your Inbox -- 100% FREE "For the next 24 hours only, you can get the very best trading ideas from our all-star line-up of pros delivered to your inbox each and every trading day absolutely FREE. Seven A-list traders duke it out every day to see whose trade will be featured as the #1 trade of the day. Readers have already locked in monster double and triple-digit profits of 38% - 212% in 2015. With a new red-hot trade coming out every single day the market is open, it's easy for you to get on board for our next round of profits! There is no catch -- there are no forms to fill out... no strings... no credit card required. [Just click here now]to enter your email address and watch your inbox for tomorrow morning's trade." *****Advertisement ***** Stocks Plunge on Disappointing Earnings Hello Trading God Friend, Stocks turn sharply lower following disappointing quarterlies. US stocks plunged on Wednesday, nearly reversing Tuesday’s impressive gains as disappointing quarterly earnings from Disney and Macy’s outweighed a sharp rise in oil prices. The Dow Jones Industrial Average (NYSEARCA:DIA) closed down 217 points or 1.2%, with nearly all of its 30 companies reporting losses. The index climbed over 220 points on Tuesday, its biggest one-day gain in two months. The S&P 500 Index (NYSEARCA:SPY) edged down 1% on plunging consumer shares. The majority of the S&P 500’s ten sectors finished lower. The technology-heavy Nasdaq Composite Index (NYSEARCA:DIA) finished down 1%. Expectations of 30-day volatility (NYSEARCA:VXX) rose for the first time in five days, climbing nearly 7%. Stocks were pressured by disappointing quarterly earnings from The Walt Disney Company (NYSE: DIS) and Macy’s Inc. (NYSE: M), which raised fresh concerns about consumer spending and the broader US economy. Consumer spending accounts for more than two-thirds of US economic activity. Oil prices surged on Wednesday after the US Energy Information Administration (EIA) reported the first draw in commercial crude stockpiles in six weeks, while investors continued to track supply disruptions in the Canadian province of Alberta. The West Texas Intermediate (WTI) benchmark for US crude futures advanced $1.50 or 3.4% to $46.16 a barrel on the New York Mercantile Exchange. Brent crude, the international benchmark, climbed $1.86 or 4.1% to $47.38 a barrel on ICE Futures Europe. The US dollar snapped a six-day winning streak on Wednesday, falling 0.6% against a basket of six currencies. The dollar index settled at 93.78. Relative strength is below 50, while the MACD remains in negative territory, indicating continuing declining momentum for the US currency. The Final Word: Concerns about a slowdown in consumer spending weighed on investor sentiment Wednesday. Consumer spending has been the main driver of the US recovery over the past five years and a slowdown in this component could fan the flames of recession. Sincerely, Dan, The Trading God dan@tradinggods.net [Ridgeline Media Group LLC BBB Business Review] Disclaimer: The content included herein is for educational and informational purposes only, and readers agree to TradingGods.net [Disclaimer,] [Terms of Use,] [Privacy Policy] before accessing or using this or any other publication by TradingGods.net or Ridgeline Media Group, LLC. Ridgeline Media Group, LLC does not endorse any products that may be advertised in this email. If you no longer wish to receive our emails, click the link below: [Unsubscribe] Ridgeline Media Group LLC 70 SW Century Drive Suite 100-148 Bend, Oregon 97702 United States