Market Overview


US stock indices retreated on Thursday led by healthcare, materials and telecom shares. 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, ended 0.3% higher at 93.683. Dow Jones industrial average slipped 0.3% to 24508.66. The S&P 500 fell 0.4% to 2652.01. The Nasdaq composite lost 0.3% to 6856.53.

US broad stock market edged lower on Wednesday as Federal Reserve hiked interest rates 0.25 percentage points. The dollar weakened after Fed left 2018 forecast unchanged. 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, dropped 0.7% to 93.433. The S&P 500 slipped less than 0.1% to 2662.85 dragged by financial shares down 1.3%. The Dow Jones industrial average gained 0.3% to record high 24585.43. Nasdaq composite index meanwhile rebounded 0.2% to 6875.8.

US stocks ended mostly higher on Tuesday as Federal Reserve started its two day meeting. The dollar strengthened on rising producer-price inflation 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 0.2% to 94.084. The S&P 500 gained 0.2% to record high 2664.11 led by telecom and financial shares. Dow Jones industrial average rose 0.5% to new record 24504.80. The Nasdaq composite index however slipped 0.2% to 6862.32.

US stock indices continued the rally on Monday led by telecommunications and technology shares. The dollar ended marginally 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, ended little changed at 93.918. S&P 500 rose 0.3% settling at fresh record 2659.99 led by telecom shares up 1.2%. The Dow Jones industrial average added 0.2% to new record 24386.03. The Nasdaq composite index gained 0.5% to 6875.08.

US broad stock market ended higher on Friday on stronger than expected November jobs report. The dollar strengthening continued as data showed 228 thousand new jobs were created, more than a 195 thousand expected addition. 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 93.908. S&P 500 rose 0.5% to record high 2651.50. The US broad market index gained 0.4% for the week. Dow Jones industrial average added 0.5% to fresh record 24329.16. The Nasdaq composite ended 0.4% higher at 6840.08.

US stock indices recovered on Thursday led by technology and industrial shares. The dollar strengthening persisted: 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, ended 0.2% higher at 93.524. Dow Jones industrial average added 0.3% to 24211.48. The S&P 500 rose 0.3% to 2636.98. The Nasdaq outperformed gaining 0.5% to 6812.84.

US broad stock market edged lower on Wednesday despite a recovery in technology stocks. The dollar continued strengthening helped by Canadian dollar decline after more cautious than expected Bank of Canada statement. 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 0.3% to 93.524. The S&P 500 slipped 0.3 points to 2629.27 as gains in technology shares were offset by losses in energy stocks. The Dow Jones industrial average fell 0.2% to 24140.91. Nasdaq composite index meanwhile rebounded 0.2% to 6776.38.

US broad stock market ended lower on Tuesday with soft data failing to boost investors’ risk appetite. The dollar strengthened nevertheless: 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 93.08. The S&P 500 lost 0.4% to 2629.57 with only the technology sector out of 11 main sectors ending higher. Dow Jones industrial average fell 0.5% to 24180.64 led by Disney down 2.7%. The Nasdaq composite index slipped 0.2% to 6762.21.

US broad stock market slipped on Monday as technology stocks sold off. The dollar strengthened: 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 93.08. S&P 500 lost 0.1% settling at 2639.44. The Dow Jones industrial average meanwhile rose 0.2% to record high 24290.05. The Nasdaq composite index dropped 1.1% to 6775.37.

US stocks ended lower on Friday on political uncertainty concerns after President Trump’s former adviser Flynn pleaded guilty to lying to the Federal Bureau of Investigation. The dollar weakening continued: 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 0.2% to 92.894. S&P 500 lost 0.2% to 2642.22. The US broad market index gained 1.5% for the week. Dow Jones industrial average slipped 0.2% to 24231.59. The Nasdaq composite fell 0.4% to 6847.59. Futures indicate higher market openings after Senate passed republican’s tax bill early Saturdy.

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