Market Overview


US stocks ended lower on Wednesday reversing some of previous day gains as President Trump’s comment he is ready to shut down the government if Congress provides no funding for a border wall with Mexico weighed on market sentiment. The dollar erased most of its previous day gains: 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, closed down 0.3% at 93.18. The S&P 500 fell 0.4% settling at 2444.04 led by consumer-discretionary and industrial stocks. Eight out of 11 main sectors ended lower. The Dow Jones industrial average lost 0.4% to 22812.09. Nasdaq composite slipped 0.3% to 6278.41.

US stocks advanced on Tuesday as investor optimism rekindled on news President Trump’s policy team was making progress with congressional leaders on tax reform plans. The dollar rebounded: 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 0.4% to 93.476. The S&P 500 rose 1% settling at 2452.51 led by technology stocks, with ten out of 11 main sectors closing higher. Dow Jones industrial average gained 0.9% closing at 21899.89. The Nasdaq composite index jumped 1.4% to 6297.48.

US stocks inched higher on Monday in thin trading amid renewed geopolitical tensions around North Korea as the US and South Korea started annual military exercises after the standoff between US and North Korea following Kim Jong Un’s threats to fire a missile near Guam waters more than a week ago. The dollar weakened: 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 0.3% to 93.08. S&P 500 closed up 0.1% settling at 2428.37, with eight of its 11 main sectors closing higher. The Dow Jones industrial average gained 0.1% to 21703.75, lifted by 1.2% gain in Home Depot shares. The Nasdaq composite index lost less than 0.1% closing at 6213.13 as technology stocks lost momentum.

US stocks retreated on Thursday as investor confidence was undermined by concerns about President Donald Trump's ability to push pro-growth reforms and news of a terrorist attack in Barcelona. The dollar inched higher: 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 0.2% to 93.676. Dow Jones industrial average lost 1.2% closing at 21750.73 dragged by 4% drop in Cisco as the networking hardware company lowered its guidance for next quarters. The S&P 500 fell 1.5% settling at 2430.01 led by technology stocks, down 2%. The Nasdaq index dropped 1.9% to 6221.91.

US stocks ended higher on Wednesday as investors’ risk appetite was boosted by dovish Fed minutes. The dollar erased most of its previous day gains: 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, closed down 0.4% at 93.472. The S&P 500 rose 0.1% settling at 2468.11 led by gains in materials stocks. The Dow Jones industrial average added 0.1% to 22024.87 in a fourth winning session in a row. Nasdaq gained 0.2% to 6345.11.

US stocks ended little changed on Tuesday after Monday rebound following easing of North Korea tensions as Pyongyang backed away from threats to fire missiles at Guam. The dollar strength endured on positive retail sales data: 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 0.4% to 93.818. The S&P 500 slipped 1.23 points settling at 2464.61 as losses in telecom and consumer-discretionary stocks offset gains in consumer-staples and utility shares. Dow Jones industrial edged higher less than 0.1% closing at 21998.99 as a 2.6% drop in Home Depot capped the advance of the blue chip index led by gains in American Express and Apple shares. The Nasdaq composite index lost 0.1% to 6333.01.

US stocks bounced back on Monday as the tension between the US and North Korea subsided following remarks by top US officials. The dollar regained most of last week’s losses: 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, gained 0.4% to 93.44. S&P 500 jumped 0.1% settling at 2465.84, led by technology stocks. The Dow Jones industrial average closed up 0.6% at 21993.71, lifted by 1.8% gain in Visa shares. The Nasdaq composite index rose 1.3% closing at 6340.23.

The daily drop of S&P 500 by 1.5% on Thursday turned out to be the 3-month high

At the end of the trading session American indices discounted a significant part of the losses

Donald Trump’s announcement escalated political risks

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