Market Overview

US stock market ended mostly lower on Monday led by energy stocks as president Trump announced new, ‘hard-hitting’ sanctions on Iran. The S&P 500 slipped 0.2% to 2945.35. Dow Jones industrial however added 0.03% to 26727.54. The Nasdaq composite slid 0.3% to 8005.70. The dollar weakening slowed: the live dollar index data show the ICE US Dollar index, a measure of the dollar’s strength against a basket of six rival currencies, lost 0.2% to 96.00 and is lower currently. Futures on US stock indices point to lower openings today.

US stock market pulled back on Friday on weak data. The S&P 500 slid 0.1% to 2950.46, rallying 2.2% for the week. Dow Jones industrial slipped 0.1% to 26719.13. The Nasdaq lost 0.2% to 8031.71. The dollar weakening continued at previous session pace as data showed manufacturing and services sectors activities slowed in May, while existing home sales rose. The live dollar index data show the ICE US Dollar index, a measure of the dollar’s strength against a basket of six rival currencies, fell 0.5% to 96.16 and is lower currently. Futures on US stock indices point to mixed openings today.

US stock market rebound continued on Thursday as risk appetite was boosted by expectations of a July rate cut. The S&P 500 gained 1% ending at a record high 2954.18. The Dow Jones industrial average advanced 0.9% to 26753.17. Nasdaq composite index rose 0.8% to 8051.34. The dollar weakening accelerated as the Philadelphia Fed manufacturing index in June declined to 0.3 after registering a four-month high of 16.6 in May. Readings above zero indicate improving conditions.. The live dollar index data show the ICE US Dollar index, a measure of the dollar’s strength against a basket of six rival currencies, fell 0.6% to 96.62 but is higher currently. Futures on US stock indices point to higher openings today.

US stock market extended gains on Wednesday as Federal Reserve left interest rates unchanged while indicating would “act as appropriate to sustain the expansion”. The S&P 500 gained 0.3% to 2926.46. The Dow Jones industrial average added 0.2% to 26504. Nasdaq composite index rose 0.4% to 7987.32. The dollar weakened as the Fed lowered its forecast for PCE inflation in 2019 to 1.5% from 1.8%, below its 2% target. The live dollar index data show the ICE US Dollar index, a measure of the dollar’s strength against a basket of six rival currencies, fell 0.4% to 97.23 and is lower currently. Futures on US stock indices point to higher openings today.

US stock market paced higher on Tuesday after President Trump tweeted that US and Chinese teams would begin preparations for the leaders to sit down at the G20 summit in Osaka. The S&P 500 gained 1% to 2885.72. Dow Jones industrial rose 1.4% to 26465.54. The Nasdaq advanced 1.4% to 7953.88. The dollar weakening resumed ahead of Federal Reserve decision today with central bank widely expected to leave rates unchanged but signal impending rate cuts: the live dollar index data show the ICE US Dollar index, a measure of the dollar’s strength against a basket of six rival currencies, slipped 0.03% to 97.51 but is higher currently. Futures on US stock indices point to higher openings today.

US stock market resumed advancing on Monday led by technology stocks as the Federal Reserve started two-day policy meeting. The S&P 500 gained 0.1% to 2889.67. Dow Jones industrial added 0.1% to 26112.53. The Nasdaq composite rose 0.6% to 7845.02. The dollar turned marginally lower yesterday on reports manufacturing activity in the New York state and home builder confidence declined in June: the live dollar index data show the ICE US Dollar index, a measure of the dollar’s strength against a basket of six rival currencies, slipped 0.02% to 97.53 and is lower currently. Futures on US stock indices point to higher openings today.

US stock market ended marginally lower on Friday led by technology shares. The S&P 500 slid 0.2% to 2886.98, adding 0.5% for the week. Dow Jones industrial slipped 0.1% to 26089.61. The Nasdaq lost 0.5% to 7796.66. The dollar accelerated strengthening as data showed retail sales grew 0.5% in May, while sales were revised to 0.3% growth in April after an initial estimate of 0.2% decline. The live dollar index data show the ICE US Dollar index, a measure of the dollar’s strength against a basket of six rival currencies, rose 0.5% to 97.55 but is lower currently. Futures on US stock indices point to higher openings today.

US stock market rebound resumed on Thursday led by energy shares. The S&P 500 added 0.4% to 2891.64. The Dow Jones industrial average gained 0.4% to 26106.77. Nasdaq composite index rose 0.6% to 7837.13. The dollar strengthening slowed as new applications for unemployment benefits rose to 222,000, in the week ended June 8, from 219,000. The live dollar index data show the ICE US Dollar index, a measure of the dollar’s strength against a basket of six rival currencies, added 0.1% to 97.028 and is higher currently. Futures on US stock indices point to lower openings today.

US stock market extended losses on Wednesday as President Trump said he didn’t have a deadline for imposing additional tariffs on China. The S&P 500 slid 0.2% to 2879.84. The Dow Jones industrial average slipped 0.2% to 26004.83. Nasdaq composite index lost 0.4% to 7792.72. The dollar strengthening resumed despite inflation report the cost of living over the past 12 months slowed to 1.8% from 2%. The live dollar index data show the ICE US Dollar index, a measure of the dollar’s strength against a basket of six rival currencies, added 0.3% to 96.97 but is lower currently. Futures on US stock indices point to mixed openings today.

US stock market ended marginally lower on Tuesday as China’s foreign ministry said it would respond firmly if the US insisted on escalating its standoff with China. The S&P 500 slid 0.03% to 2885.72. Dow Jones industrial edged down 0.05% to 26048.51. The Nasdaq slipped 0.01% to 7822.57. The dollar weakening resumed as data showed the increase in wholesale prices over the past year slowed to 1.8% from 2.2% in April. The live dollar index data show the ICE US Dollar index, a measure of the dollar’s strength against a basket of six rival currencies, slipped 0.1% to 96.71 and is lower currently. Futures on US stock indices point to lower openings today.

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