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At the end of trading, the Dow Jones Industrial Average outpaced about 87 points; but the broader S&P 500 index was nominal, and NASDAQ was lower by 41 points. Meanwhile, the market latitude showed a mixed session, with advancing issues roughly with deviations on the NYSE.
The Dow Jones Industrial Average reached a record high, surpassing the January peak. The S&P 500 index also jumped to a new high. Profit in some high-profile technological stocks, in particular, Apple (AAPL Free Apple Stock Report), shares with the highest market capitalization, at an early stage led to an increase in the value based on blue chips, and this index rose by almost 250 points in the first hour of trading.
Sales in gold up to 14 dollars at 1193 dollars in early trading came to the COMEX open and coincided with a large sale of foreign currencies around the world, led by the British pound. Gold and FOREX markets are likely to register concerns about the announcement or a hint of further increases in 2019. We also have October options for gold and silver next week. Gold has a sales history during the Fed-week. It also has a sales history when the option expires.
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