Your Thursday Market Blip 2/21/19

Your Thursday Market Blip 2/21/19

Stocks pulled back after mixed economic readings. The Dow fell 103 points to close at 25,850 on lighter trading volume. It was a super light news day.

Gold tumbled to its biggest daily loss in six months after Reuters reported on Thursday that the United States and China were making significant progress in ending their seven-month trade war by outlining commitments in principle to end Chinese trade practices objected to by President Donald Trump. The shinny yellow metal fell over $22 an ounce and closed at $1,325.

Earnings reports continue to trickle in. Dropbox reported better than expected. Zillow reports earnings after the bell and speaking of real-estate, the PSBJ noted that fears of an apartment glut hitting the Seattle market are overblown as demand for units is strong and rents are only off a tad.