Market Overview


US major stock indices ended lower on Friday on report US special counsel Mueller’s team had issued a subpoena to Trump’s campaign in mid-October. The dollar weakened on renewed political uncertainty: 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, slid 0.3% to 93.67. S&P 500 slipped 0.3% to 2578.85. The US broad market index lost 0.2% for the week. Dow Jones industrial average lost 0.2% to 23358.24. The Nasdaq composite meanwhile edged down 0.2% to 6782.79.

US major stock indices rebounded on Thursday on upbeat earnings reports as the House passed the Republican tax cut plan. The dollar weakened marginally: 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 little changed at 93.899. Dow Jones industrial average rose 0.8% to 23458.36, buoyed by steep gains in Cisco and Wal-Mart shares on stronger than expected earnings. The S&P 500 gained 0.8% to 2585.64 led by telecom and consumer staples stocks. The Nasdaq composite index jumped 1.3% to a record high 6793.29.

US major stock indices pullback accelerated on Wednesday as concerns about tax cuts reform undermined investors risk appetite. 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 0.1% to 93.91. The S&P 500 fell 0.6% to 2564.62 led by energy shares. Nine out of 11 main sectors ended in the red. The Dow Jones industrial average lost 0.6% to 23217.28. Nasdaq composite declined 0.5% to 6706.21.

US major stock indices inched lower on Tuesday as tax cuts delay concerns undermined market sentiment. The dollar weakened on euro rally: 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 0.7% to 93.81. The S&P 500 lost 0.2% to 278.87 led by energy and materials stocks. Dow Jones industrial average rose slipped 0.1% to 23409. The Nasdaq composite index fell 0.3% to 6737.87.

US major stock indices ended marginally higher on Monday with gains capped by uncertainty about Republicans’ tax cuts bill. The dollar edged 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, rose 0.1% to 94.504. S&P 500 closed 0.1% higher settling at 2584.84. The Dow Jones industrial average added less than 0.1% to 23439.63. The Nasdaq composite index rose 0.1% to 6757.60.

US stocks ended lower on Friday on corporate tax cuts delay concerns. The dollar weakened further as consumer sentiment deteriorated in November: 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, slid 0.1% to 94.373. S&P 500 slipped 0.1% to 2582.28 led by health care shares down 0.7%. The US broad market index lost 0.2% for the week. Dow Jones industrial average pulled back 0.2% to 23422.21. The Nasdaq composite meanwhile edged up less than 0.1% to 6750.94.

US stocks retreated on Thursday on tax cuts delay possibility. The dollar weakened as the Senate’s tax plan was unveiled: 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 94.51. Dow Jones industrial average lost 0.4% to 23461.94, snapping seven session win streak. The S&P 500 pulled back 0.4% to 2584.62 led by industrial stocks. The Nasdaq composite index dropped 0.6% closing at 6750.05.

US stocks closed at new record highs on Wednesday with tax reform Congressional deliberations in the focus. The dollar strengthened marginally: 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 to 94.87. The S&P 500 gained 0.1% to 2594.38 led by consumer staples and technology shares. The Dow Jones added less than 0.1% to fresh all time high 23563.36. Nasdaq composite rose 0.3% to 6789.12.

US stocks inched lower on Tuesday on uncertainty on timing and extent of proposed tax cuts under consideration in Congress. The dollar resumed strengthening: 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 94.722. The S&P 500 slipped less than a point to 2590.61 led by financial and consumer discretionary stocks. Dow Jones industrial average rose less than 0.1% to record high 23557.23. The Nasdaq composite index fell 0.3% to 6767.78.

US stock indices ended at record highs on Monday as merger deals and tax overhaul hopes buoyed investor confidence. 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, fell 0.2% to 94.722. S&P 500 closed 0.1% higher settling at record 2591.13 led by energy shares. The Dow Jones industrial average added 0.04% to close at all-time high 23548.42. The Nasdaq composite index rose 0.3% to record high 6786.44.

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