IFC Markets Forex Broker

Market Overview

US stock market paused on Wednesday weighed by healthcare stocks under pressure in debates for the Democratic nomination for president. The S&P 500 lost 0.2% to 2900.45. The Dow Jones industrial average slipped 0.01% to 26449.54. Nasdaq composite index slid 0.05% to 7976.08. The dollar weakening resumed despite report the US trade deficit fell 3.4% in February to the lowest level in eight months. 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 97.01 and is lower currently. Futures on US stock indexes point to lower openings today.

US stock market resumed advancing on Tuesday with 60% of companies that have reported quarterly results so far beating the revenue forecasts. The S&P 500 rose 0.3% to 2907.06. Dow Jones industrial added 0.3% to 26452.66. The Nasdaq gained 0.3% to 8000.23. The dollar strengthening accelerated as home builder sentiment rose to a six-month high in April, while industrial production fell 0.1% in March. 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 97.06 but is lower currently. Futures on US stock indexes point to higher openings today.

US stock market pulled back on Monday on disappointing Goldman Sachs and Citigroup quarterly reports. The S&P 500 slipped 0.1% to 2905.58. Dow Jones industrial dipped 0.1% to 26384.77 dragged by 3.8% drop of Goldman Sachs on revenue miss. The Nasdaq composite lost 0.1% to 7976.01. The dollar weakening paused as factory production in New York state picked up in April versus March. 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, edged up 0.02% to 96.94 but is lower currently. Futures on US stock indexes point to higher openings today.

US stock market resumed advancing on Friday on better than expected earnings from JPMorgan and Wells Fargo. S&P 500 added 0.7% to 2907.41, closing 0.5% higher for the week. Dow Jones industrial rose 1% to 26412.30. The Nasdaq advanced 0.5% to 7984.16. The dollar erased all of previous session gains as data showed 0.6% jump in import prices in March due mainly to rising fuel prices. 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 0.3% to 96.917 and is lower currently. Futures on US stock indexes point to lower openings today.

US stock market advance paused on Thursday as investors awaited first quarter earnings reports of JPMorgan and Wells Fargo due today. The S&P 500 added 0.11 points to 2888.32. The Dow Jones industrial average slipped 0.05% to 26143.05. Nasdaq composite index slid 0.2% to 7947.36. The dollar strengthening resumed as data showed initial jobless claims for unemployment benefits fell to 196,000, the lowest level in 50 years. 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 97.16 but is lower currently. Futures on US stock indexes point to higher openings today.

US stock market recovered most of previous session loses on Wednesday after the minutes from the Federal Reserve’s March meeting indicated the central bank is in wait and see mode with regards to resuming interest rate hikes. The S&P 500 gained 0.4% to 2888.21. The Dow Jones industrial average edged up 0.03% to 26157.16. Nasdaq composite index rose 0.7% to 7964.24. The dollar weakening accelerated as inflation report showed core CPI declined to a 13-month low of 2% in March, from 2.1%. 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 97.10 and is lower currently. Futures on US stock indexes point to higher openings today.

US stock market pulled back on Tuesday as the office of the US Trade Representative threatened to levy tariffs on $11 billion of EU products. The S&P 500 lost 0.6% to 2878.20. Dow Jones industrial dropped 0.7% to 26150.58. The Nasdaq fell 0.6% to 7909.28. The dollar weakening continued as the Bureau of Labor Statistics reported the number of job openings fell by 538,000 to 7.1 million 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, slipped 0.03% to 97.01 and is lower currently. Futures on US stock indexes point to higher openings today.

US stock market ended mixed on Monday. The S&P 500 advanced 0.1% to 2895.77. Dow Jones industrial however dipped 0.3% to 26236 dragged by 4.4% drop of Boeing as the company announced it is scaling back 737 MAX planes’ production after recent fatal crashes. The Nasdaq composite added 0.2% to 7953.88. The dollar strengthening reversed as factory orders decline continued at previous month’s pace 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, fell 0.3% to 97.05 and is lower currently. Futures on US stock indexes point to lower openings today.

US stock market recovery accelerated on Friday as strong jobs data boosted market sentiment buoyed by US-China trade talks optimism. S&P 500 rose 0.5% to 2892.74, closing 2.1% higher for the week. Dow Jones industrial gained 0.2% to 26424.99. The Nasdaq advanced 0.6% to 7938.69. The dollar strengthening continued as March jobs report showed the US economy added above forecast 196,000 new jobs. 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 97.36 but is lower currently. Futures on US stock indexes point to lower openings today.

US stock market advance continued on Thursday as president Trump tweeted US-China trade talks were “moving along nicely”. The S&P 500 gained 0.2% to 2879.39. The Dow Jones industrial average rose 0.6% to 26384.63 led by Boeing and Dow shares. Nasdaq composite index however slipped 0.05% to 7891.78. The dollar strengthening resumed as data showed initial jobless claims for unemployment benefits fell to 202,000, the lowest level since 1969,. 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 97.30 but is lower currently. Futures on US stock indexes point to higher openings today.

Start trading with IFC Markets

We are ready to support you with any kind of questions, 24 hours a day.