Market Overview


US stock indices resumed the rally on Thursday ahead of the start of fourth quarter earnings. 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, lost 0.5% to 91.852. Dow Jones industrial average rose 0.8% to record close 25574.73. The S&P 500 gained 0.7% to new record 2767.56 led by energy shares up 2%. The Nasdaq composite advanced 0.8% to all-time high 7211.78. Futures point to higher market openings today.

US stock indices pulled back on Wednesday as the rise in Treasury yields accelerated after a report that China is considering halting purchases of US debt. 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 0.2% to 92.348. The S&P 500 lost 0.1% to 2748.23. The Dow Jones industrial slipped less than 0.1% closing at 25369.13. Nasdaq composite index slid 0.1% to 7153.57. Futures point to higher market openings today.

US stock indices march to new record highs continued on Tuesday. 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, rose 0.2% to 92.494. The S&P 500 gained 0.1% to record high 2751.29 led by healthcare and financial shares. Dow Jones industrial average rose 0.4% to new record 25385.80. The Nasdaq composite index added 0.1% to all-time high 7163.58. Both S&P 500 and Nasdaq logged a sixth straight gain for 2018. Futures indicate lower market openings today.

US stocks hit new record highs on Monday. The dollar strengthening accelerated on Fed officials’ hawkish comments: 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 92.328. S&P 500 gained 0.2% settling at new record 2747.71 led by utilities and technology shares. The Dow Jones industrial average though slipped 0.05% to 25283. The Nasdaq composite index rose 0.3% to fresh record 7157.39. Futures point to lower market openings today.

US stock indices ended at record highs and the dollar strengthened on Friday despite weaker than expected jobs report and mixed 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, inched up 0.1% to 91.966. S&P 500 gained 0.7% to fourth straight closing record 2743.15 as 148,000 new jobs were added in December, down from 252,000 in November. Dow Jones industrial average jumped 0.9% to fresh record 25295.87. The Nasdaq composite added 0.8% to 7136.56. Futures indicate higher market openings today.

US stock indices ended at record highs on Thursday with solid jobs data underpinning upbeat market sentiment. 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, lost 0.4% to 91.848. Dow Jones industrial average rose 0.6% to record close 25075.13. The S&P 500 gained 0.4% to 2723.99 led by financial shares up 0.9%. The Nasdaq composite rose 0.2% to 7077.91.

US stock market scaled new record highs on Wednesday after Federal Reserve meeting minutes showed policy makers are divided over the central bank’s projection of three rate hikes in 2018.. 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 92.188. The S&P 500 rose 0.6% to new record high 2713.07 led by energy and technology shares up more than 1%. Eight of the 11 primary sectors ended in positive territory. The Dow Jones industrial average gained 0.4% closing at record 24922.68. Nasdaq composite index jumped 0.8% to fresh record 7065.53.

US stock market ended at record highs on Tuesday as the market opened after New Year holiday. The dollar weakened in the first session of 2018: 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 91.84. The S&P 500 rose 0.8% to record high 2695.79 led by energy shares up 1.8%. Dow Jones industrial average gained 0.4% to 24824.01. The Nasdaq composite index jumped 1.5% to all-time high 7006.9.

US stock market ended the week on down note on Friday. The dollar weakness 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 0.4% to 92.29. S&P 500 fell 0.5% settling at 2673.61 led by telecom shares down 0.9%. Ten of the 11 main sectors finished lower. However US broad stock market ended 19.4% higher for the year. The Dow Jones industrial average lost 0.5% to 24719. The Nasdaq composite index lost 0.7% to 6903.39.

US stock market ended higher on Thursday despite mixed data. The dollar weakness intensified: 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 0.4% lower at 92.668. Dow Jones industrial average rose 0.3% to 71th record close 24837.51 this year. The S&P 500 gained 0.2% to 2687.54 led by financial shares up 0.4%. The Nasdaq composite rose 0.2% to 6950.16.