Market Overview


US stocks slipped on Thursday led by consumer staples and technology shares. 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 0.3% to 92.163. Dow Jones industrial average lost 0.2% to 22419.51 snapping nine-session winning streak, weighed by Procter & Gamble and Apple shares. The S&P 500 fell 0.3% settling at 2500.60 with nine out of 11 main sectors closing lower. The Nasdaq index dropped 0.5% closing at 6422.69.

US stocks closed at fresh record highs on Wednesday as Federal Reserve announced the start of its $4.5 trillion balance sheet reduction in October. 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 0.7% to 92.441. The S&P 500 advanced less than 0.1% settling at fresh record high 2508.85 led by financial and industrial shares. The Dow Jones rose 0.2% to new record high 22412.59 with gains in McDonald’s and Pfizer offsetting 1.7% drop in Apple. Nasdaq composite meanwhile fell less than 0.1% to 6456.04.

US stock indices ended at record highs on Tuesday as Federal Reserve two-day meeting, expected to produce a decision on starting date and pace of its balance sheet reduction, commenced. 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 0.2% to 91.82. The S&P 500 added 0.1% settling at record high 2506.65, led by telecom stocks. Dow Jones industrial average rose 0.2% closing at fresh record high 22370.80. The Nasdaq composite index gained 0.1% to record high 6461.32.

US stocks advanced on Monday as North Korea tensions subsided. The dollar recovered: 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 92.022. S&P 500 closed 0.2% higher settling at record high 24503.87, led by financial and materials stocks. The Dow Jones industrial average rose 0.3% to 22331.35, fifth record close in a row. The Nasdaq composite index added 0.1% closing at 6454.64.

US stocks slipped on Thursday led by retailer shares. The dollar weakened despite 0.4% rise in consumer prices in August instead of an expected 0.3% gain: 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 92.065. Dow Jones industrial average managed to close at record high third consecutive session adding 0.2% to 22203.48. The S&P 500 slipped 0.1% settling at 2495.62. The Nasdaq index fell 0.5% closing at 6429.08.

US stock indices closed at fresh record highs in a choppy trade on Wednesday. The dollar strengthened as producer price index rose 0.2% in August after 0.1% decline in July: 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 0.5% to 92.388. The S&P 500 advanced 1.89 points settling at 2498.37 led by energy and consumer discretionary shares which offset 0.8% drop in Apple shares. The Dow Jones rose 0.2% to 22158.18. Nasdaq composite added 0.1% to 6460.19.

US stock indices hit record highs as concerns about hurricane damages and tensions in the Korean Peninsula receded. 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, slipped less than 0.1% to 91.899. The S&P 500 rose 0.3% settling at record high 2496.48, led by financial stocks. Dow Jones industrial average added 0.3% closing at fresh record high 22118.86 with gains limited by 3.2% fall in McDonalds shares on a bearish rating. The Nasdaq composite index gained 0.3% to record high 6454.28.

US stock indices advanced on Monday as geopolitical tensions subsided after North Korea refrained from a missile launch over the weekend and Hurricane Irma proved less destructive than feared. The dollar recovered: 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 0.6% to 91.911. S&P 500 closed 1.1% higher settling at record high 2488.11, led by technology and financial stocks. The Dow Jones industrial average jumped 1.2% to 22057.37. The Nasdaq composite index gained 1.1% closing at 6432.26.

US stocks closed lower on Friday with concern about possible missile launch by North Korea on Saturday and damage from approaching Hurricane Irma weighed on 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, inched down 0.2% to 91.34. S&P 500 slipped 0.1% to 2461.43. However the Dow Jones industrial average finished 0.1% higher at 21797.79. The Nasdaq composite index fell 0.6 % closing at 6360.19.

US stocks retreated on Thursday led by telecommunications stocks, financials and consumer discretionary sectors. The dollar fell on the back of sharp euro rise as the European Central Bank left policy 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, fell 0.8% to 91.523. Dow Jones industrial average lost 0.1% closing at 21784.78 with shares of Walt Disney and Goldman Sachs the biggest decliners. The S&P 500 slipped 0.1% settling at 2465.10. The Nasdaq index managed to gain 0.1% closing at 6397.37.

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