Market Overview


US stocks closed higher on Friday. 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, inched down 0.28% to 97.256. S&P 500 ended 0.2% higher at 2438.30 led by energy stocks. The Dow Jones industrial average finished little changed at 21394.76. A preliminary reading on purchasing managers’ indexes on manufacturing in June showed expansion continued in the sector while the index fell to 52.1, a nine-month low. Sales of new homes rebounded in May. The Nasdaq composite index rose 0.5% closing at 6265.25.

US stocks closed slightly lower on Thursday as gains from continued rally in healthcare and biotechnology sectors were offset by losses in financial and consumer staples shares. 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, ended at 97.531. Dow Jones industrial average lost 0.06% closing at 21397.29. The S&P 500 slipped 0.05% settling at 2434.50 led by financial and consumer staples stocks, down 0.6% and 0.7% respectively. The Nasdaq index outperformed for the second day in a row adding 2.73 points to 6236.69.

US stocks continued the slide on Wednesday as losses in energy shares outweighed gains in healthcare and technology sectors. The dollar pulled back: 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. 2% at 97.531. The S&P 500 lost less than 0.1% settling at 2435.61 with eight out of 11 main sectors ending in negative territory paring earlier losses, led by energy stocks down 1.6%. The Dow Jones industrial average fell 0.3% to 21410.03, weighed by losses in Caterpillar, DuPont and Chevron shares. However Nasdaq rose 0.7% to 6233.95 lifted by gains in biotechnology shares after report President Trump has drafted an executive order that would ease industry regulations.

US stocks retreated on Tuesday led by selloff in energy shares as oil prices fell. The dollar added to previous day’s 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, ended 0.2% higher at 97.736. Dow Jones industrial average lost 0.3% closing at 21467.14. The S&P 500 dropped 0.7% settling at 2437.03 led by energy and consumer discretionary stocks. Nine out of 11 main sectors finished lower. The Nasdaq index fell 0.8% to 6188.03.

US stocks closed at record highs on Monday as technology shares rebounded. The dollar recovered from previous day’s loss: 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 97.115. S&P 500 rose 0.8% settling at 2453.46, a new record high. The Dow Jones industrial average added 0.7% to 21528.99, a closing record. The Nasdaq composite index jumped 1.4% closing at 6239.01, with giants Apple, Facebook ad Amazon up 2.9%, 1.5% and 0.8% respectively.

US stock indices closed mixed on Friday. 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, inched down 0.37% to 97.115. S&P 500 ended less than a point higher at 2433.14 led by energy stocks, up 1.7%. Consumer staples stocks finished 1% lower as retailers like Kroger and Costco sank on news Amazon bid $13.7 billion for Whole Foods. The Dow Jones industrial average rose 0.1% to 21384.28, a record high, buoyed by gains in Chevron and Exxon Mobil. The Nasdaq composite index lost 0.2% closing at 6151.76 as technology stocks resumed the decline amid concerns technology stocks are overvalued.

US stock indices closed lower on Wednesday after the Federal Reserve raised the federal funds rate and indicated it would start reducing its balance sheet “this year”. The dollar ended 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 down less than 0.1% to 96.935. S&P 500 edged down 0.1% settling at 2437.92 with five out of benchmark’s 11 main sectors finishing in negative territory led by energy stocks, down 1.8%. The Dow Jones industrial average closed at a record for a second straight session rising 0.2% to 21374.56 led by gains in shares of Goldman Sachs, Travelers and Home Depot. The Nasdaq composite index fell 0.4% closing at 6194.893.

US stock indices ended at record high on Tuesday as technology stocks rebounded after two-day selloff. The dollar slipped ahead of Federal Reserve’s interest rate decision due today: 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 0.14% lower at 97.008. Dow Jones industrial average added 0.4% closing at 21328.47. The S&P 500 gained 0.5% settling at 2440.35 led by materials and technology stocks. The Nasdaq index rose 0.7% to 6220.3.

US stock indices closed lower on Monday led by losses in technology stocks second session in a row. 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, inched down 0.13% to 97.143. S&P 500 edged down 0.1% settling at 2429.39 with six out of benchmark’s 11 main sectors finishing in negative territory led by technology stocks, down 0.8%. The Dow Jones industrial average lost 0.2% to 21235.67 with losses in Apple and McDonald’s shares outweighing gains in General Electric and Chevron. The Nasdaq composite index fell 0.5% closing at 6175.46 after a 1.8% drop on Friday.

US stocks advanced on Wednesday with gains in financial sector offsetting the drop in energy shares. 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, closed up 0.16% at 96.691. The S&P 500 rose 0.2% settling at 2433.14, led by financial stocks up 0.8% as energy shares dropped 1.5%. Eight out of 11 main sectors ended higher. The Dow Jones industrial average added 0.2% to 21173.69, led by Nike and UnitedHealth Group shares. Nasdaq advanced 0.4% to 6297.38.

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