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Market Overview

US stock market slide continued on Monday. The S&P 500 slipped 0.1% to 2798.36. Dow Jones industrial however managed to end 0.1% higher at 25516.83 thanks to Boeing 2.3% rebound. The Nasdaq composite slid 0.1% to 7637.54. 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, slipped 0.1% to 96.482 but is higher currently. Futures on US stock indexes indicate higher openings today.

US stock market ended sharply lower on Friday as the spread between three-month and 10-year yields turned negative. S&P 500 fell 1.9% to 2800.71, closing 0.8% lower for the week. Dow Jones industrial fell 1.8% to 25502.32. The Nasdaq dropped 2.5% to 7642.67. The dollar strengthening continued as existing home sales hit an 11-month high in February. 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 0.3% to 96.576 and is higher currently. Futures on US stock indexes point to lower openings today.

US stock market rebounded on Thursday led by technology. The S&P 500 rose 1.1% to 2854.88 led by 3.7% Apple surge on analysts’ upgrade. The Dow Jones industrial average advanced 0.8% to 25709.94. Nasdaq composite index rallied 1.4% to 7630.91. The dollar weakening stalled as the Philadelphia Fed’s business activity index rebounded in March indicating 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, rose 0.4% to 96.31 but is lower currently. Futures on US stock indexes point to mixed openings today.

US stock market continued retreating on Wednesday led by bank shares after dovish Fed decision. The S&P 500 slid 0.3% to 2824.23. The Dow Jones industrial average fell 0.6% to 25745.67. Nasdaq composite index however added 0.1% to 7728.97. The dollar weakening accelerated as Federal Reserve cut the projection of the number of interest rate hikes expected this year to zero from the two forecast in December. 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 95.94 and is lower currently. Futures on US stock indexes point to lower openings today.

US stock market ended marginally lower on Tuesday as investors risk appetite was undermined by reports China resists to US demands in trade negotiations. The S&P 500 slipped 0.01% to 2832.57. Dow Jones slid 0.1% to 25887.38. The Nasdaq however rose 0.1% to 7723.95. The dollar weakening accelerated ahead of Fed interest rate decision today as factory orders maintained steady growth rate of 0.1% in January when an increase 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, fell 0.2% to 96.35 but is higher currently. Futures on US stock indexes point to mixed openings today.

US stock market extended gains on Monday. The S&P 500 advanced 0.4% to 2832.94. Dow Jones industrial gained 0.3% to 25914.10 despite continued Boeing drag on the blue chip index. The Nasdaq composite added 0.3% to 7714.48. The dollar weakening endured ahead of Federal Reserve two-day meeting starting today. Market participants expect the central bank to keep dovish stance and lower rate hike projections to just one in 2019 and one more in 2020. 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 96.50 and is lower currently. Futures on US stock indexes point to higher openings today.

US stock market resumed advancing on Friday. S&P 500 rose 0.5% to 2822.48, closing 2.9% higher for the week. Dow Jones industrial gained 0.5% to 25848.87. The Nasdaq added 0.8% to 7688.53. The dollar strengthening reversed on a weaker than expected reading of just 0.1% rise in US industrial production in February. 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 96.521 and is lower currently. Futures on US stock indexes point to higher openings today.

US stock market paused on Thursday after reports suggesting US-China trade deal will not be finalized this month following news a meeting between President Donald Trump and Chinese President Xi Jinping will be delayed until at least April. The S&P 500 slipped 0.1% to 2808.48. The Dow Jones industrial average however added 0.03% to 25709.94. Nasdaq composite index fell 0.2% to 7630.91. The dollar strengthening resumed as the price of imported goods rose by 0.6% on month in February, the largest increase in nine months while initial jobless claims rose by 6000 last week: 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 0.3% to 96.715 but is lower currently. Futures on US stock indexes point to higher openings today.

US stock market closed higher on Wednesday supported by strong data. The S&P 500 rose 0.7% to 2810.92. The Dow Jones industrial average added 0.6% to 25702.89. Nasdaq composite index gained 0.7% to 7643.41. The dollar weakening accelerated as wholesale inflation declined to 2.3% over year in February from 2.5% in January, while durable goods orders were stronger than 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, fell 0.6% to 96.432 but is higher currently. Futures on US stock indexes point to higher openings today.

US stock market added to previous session gains on Tuesday led by the health care and utilities shares. The S&P 500 gained 0.3% to 2791.52. Dow Jones however slid 0.4% to 25554.66 dragged by continued slump of Boeing as more airlines grounded their fleets of 737 Max 8 planes after weekend fatal crash in Addis Ababa, Ethiopia’s capital. The Nasdaq rose 0.4% to 7591.03. The dollar weakening slowed after data showed inflation rose 0.2% on month in February following three months of no change. 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 96.97 but is higher currently. Futures on US stock indexes point to mixed openings today.

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