Market Overview


US stock indices closed higher on Friday on positive earnings reports. The dollar was little changed despite slowing core inflation in September: 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, inched down 0.01% to 93.08. S&P 500 rose 0.1% to 2553.17, led by technology and materials shares. Dow Jones industrial average added 0.1% to 22871.72 supported by gains in American Express and McDonald’s shares. The Nasdaq composite index outperformed gaining 0.2 % to record high 6605.80.

US stocks closed marginally lower on Thursday as investors digested major banking companies’ corporate reports. The dollar recovered: 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 0.1% to 93.087. Dow Jones industrial average slipped 0.1% to 22841.01. The S&P 500 lost 0.2% settling at 2550.93 led by financial shares down 0.8%. The Nasdaq index fell 0.2% closing at 6591.51.

US stocks closed at record highs on Wednesday after Fed minutes revealed some policy makers advocated cautious approach to further rate hikes. 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, retreated 0.3% to 92.955. The S&P 500 rose 0.2% settling at a record 2555.24. The Dow Jones added 0.2% to new record high 22872.89 led by gains in Johnson & Johnson and McDonalsd’s. Nasdaq composite gained 0.3% to fresh record high 6603.55.

US stocks resumed the rally on Tuesday on expectations of strong earnings season. The dollar weakening accelerated: 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 93.25. The S&P 500 added 0.2% settling at 2550.64 led by consumer staples stocks. Nine out of 11 main sectors finished higher. Dow Jones industrial average rose 0.3% closing at fresh all-time high 22830.68, led by 4.5% jump in Wal-Mart shares. The Nasdaq composite index gained 0.1% to 6587.25.

US stocks closed lower on Monday in thin trading. The dollar continued weakening: 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 0.1% to 93.709. S&P 500 closed 0.2% lower settling at 2544.70 led by health care, industrial and financial stocks. Six out of 11 main sectors ended lower. The Dow Jones industrial average slipped 0.1% to 22761.07 weighed by 3.9% drop in GE shares. The Nasdaq composite index lost 0.2% to 6579.73, snapping nine session winning streak.

US stocks closed lower on Friday on weak September jobs report. The dollar was little changed as nonfarm payrolls shrank 33 thousand though a 80 thousand gain was expected : 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, inched down 0.01% to 93.803. S&P 500 fell 0.1% to 2549.33, with eight out of 11 main sectors finishing in the red. Dow Jones industrial average lost 2 points to 22773.67. The Nasdaq composite index rose 0.1 % to record high 6590.18.

US stock market advanced to new record highs on Thursday after Congress passed a budget resolution. The dollar resumed strengthening: 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 93.895. Dow Jones industrial average rose 0.5% to all-time high 22775.39. The S&P 500 gained 0.6% settling at fresh record high 2552.07 sixth session in a row led by technology and financial shares up about 1%. The Nasdaq index advanced 0.8% closing at new record high 6585.36.

US stock market extended the streak of records on Wednesday supported by better than expected data. 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, retreated 0.1% to 93.489. The S&P 500 rose 0.1% settling at a record 2537.74 led by utilities and real estate shares. Six out of 11 main sectors of the index closed higher. The Dow Jones added 0.1% to new record high 22661.57 led by gains in Nike and Caterpillar. Nasdaq composite inched up less than 0.1% to 6534.63.

US stock indices ended at new record highs on Tuesday as positive economic data buoyed risk appetite. The dollar was little changed: 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, inched up 0.01% to 93.619. The S&P 500 added 0.2% settling at record high 2534.58. Dow Jones industrial average rose 0.4% closing at fresh all-time high 22641.47, posting fifth straight daily gain. The Nasdaq composite index gained 0.2% to new record high 6531.71.

US stock indices closed at record highs on Monday with expectations of strong third quarter results and tax reform boosting investor risk appetite. The dollar resumed strengthening: 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 0.6% to 93.048. S&P 500 closed 0.4% higher settling at fresh record 2529.12, led by health care and financial stocks. The Dow Jones industrial average rallied 0.7% to record high 22557.60 supported by gains in 3M and Goldman Sachs shares. The Nasdaq composite index added 0.3% to all time high 6516.72.

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