Daily Market Update
with JJ Kinahan

5 min read

Waiting on OPEC: Crude Decision In Focus as DJIA Down Eight-Straight Days

(Friday Market Open) After eight-straight losing sessions, the Dow Jones Industrial Average ($DJI) might draw support Friday from stronger overseas markets overnight. Without much data or earnings news on the calendar, the focus sits squarely on OPEC amid talk that a crude oil production increase might be in the cards.

The timing of OPEC’s oil output decision isn’t clear. There’s a lot of talk on the Street about chances for output to rise, and Oilprice.com reports that OPEC (Organization of the Petroleum Exporting Countries) jacked up production even before today’s meeting of OPEC members.

Could More Crude Be Coming?

What’s unclear is exactly how much production might climb, assuming OPEC can agree on a plan. Estimates from various analysts quoted in the media range from 500,000 barrels per day to 1.5 million on top of the roughly 32 million barrels a day OPEC reportedly pumps now. Russia (not an OPEC member) and Saudi Arabia are among the countries pressing for an increase, ac

Read article

Like the sound of up to $600 cash? Open and fund a new account.

Featured Video

Real Talk with JJ Kinahan


Real Talk with JJ Kinahan

TD Ameritrade Network is brought to you by TD Ameritrade Media Productions Company. TD Ameritrade Media Productions Company and TD Ameritrade, Inc. are separate but affiliated subsidiaries of TD Ameritrade Holding Corporation. © 2018 TD Ameritrade Network. All rights reserved. Used with permission.

Daily Market Update

Previous Daily Market Update articles

While Trade Winds Weigh on Wall Street, Russell 2000 Bucks the Trend June 21, 2018 7:40 AM   |  

Investors appear to continue to worry about escalating trade tensions between the world’s two largest economies.

5 min read  |  Daily Market Update
Ricochet Wednesday: Rebound Seen Possible But Trade Fears Still Linger June 20, 2018 7:40 AM   |  

The market appears to be ready for a possible rebound early Wednesday, but fears of a possible trade war haven’t vanished.

5 min read  |  Daily Market Update
Doubling Down: New Tariff Threat Could Hit Big Names, Boost Treasuries June 19, 2018 7:40 AM   |  

There’s more trade trouble with China as President Trump doubled down on his tariff threats, putting additional pressure on stocks in pre-market trading.

5 min read  |  Daily Market Update
Case of the Mondays: Global Trade Worries Pressure Stocks in Early Trade June 18, 2018 7:40 AM   |  

A mini-rebound heading into the Friday close didn't carry through into Monday, as trade concerns weigh stocks in early trading Monday.

5 min read  |  Daily Market Update
Talking Tariffs: Escalating Trade Battle With China Could Bring Pressure June 15, 2018 7:40 AM   |  

New U.S. tariffs on China announced today are front and center, while quadruple witching is another factor that might be worth watching.

5 min read  |  Daily Market Update
Fed's Latest Rate Hike Comes with More Hawkish Language June 13, 2018 3:30 PM   |  

The Fed raised its benchmark interest rate Tuesday, as expected, and included more hawkish language in a statement indicating a stronger economic outlook.

5 min read  |  Daily Market Update
AT&T-Time Warner Ruling Injects Optimism Into Market Ahead of Fed June 13, 2018 7:40 AM   |  

After AT&T-Time Warner ruling, investor focus today is likely to be on the conclusion of the Federal Open Market Committee meeting and press conference scheduled for this afternoon.

5 min read  |  Daily Market Update
Market Apparently in Wait-And-Watch Mode After Trump-Kim Summit June 12, 2018 7:40 AM   |  

The Trump-Kim summit statement was light on details, leaving Wall Street in wait-and-watch mode.

5 min read  |  Daily Market Update
Call Us

Market volatility, volume, and system availability may delay account access and trade executions.

Past performance of a security or strategy does not guarantee future results or success.

Options are not suitable for all investors as the special risks inherent to options trading may expose investors to potentially rapid and substantial losses. Options trading subject to TD Ameritrade review and approval. Please read Characteristics and Risks of Standardized Options before investing in options.

Supporting documentation for any claims, comparisons, statistics, or other technical data will be supplied upon request.

The information is not intended to be investment advice or construed as a recommendation or endorsement of any particular investment or investment strategy, and is for illustrative purposes only. Be sure to understand all risks involved with each strategy, including commission costs, before attempting to place any trade. Clients must consider all relevant risk factors, including their own personal financial situations, before trading.

This is not an offer or solicitation in any jurisdiction where we are not authorized to do business or where such offer or solicitation would be contrary to the local laws and regulations of that jurisdiction, including, but not limited to persons residing in Australia, Canada, Hong Kong, Japan, Saudi Arabia, Singapore, UK, and the countries of the European Union.

TD Ameritrade, Inc., member FINRA/SIPC. TD Ameritrade is a trademark jointly owned by TD Ameritrade IP Company, Inc. and The Toronto-Dominion Bank. © 2018 TD Ameritrade.

Scroll to Top