Market Overview

US stocks ended mixed on Thursday as US and Chinese deputy negotiators started two-day meeting in Washington. The S&P 500 gained less than 0.1% to 3006.82, closing 0.6% below its all time closing high. The Dow Jones industrial average lost 0.2% to 27094.79. Nasdaq composite index added 0.1% to 8182.88. The dollar weakened despite report existing home sales rose 1.3% in August, while the number of Americans applying for new unemployment benefits rose by 2,000 to 208,000 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, fell 0.2% to 98.35 and is lower currently. Stock index futures point to higher openings today.

US stocks extended gains on Wednesday as Federal Reserve cut its benchmark federal funds rate a quarter percentage point and the survey of Fed policy makers showed policymakers on average believed the Fed funds rate would be at present levels through the end of 2020. The S&P 500 edged up 0.03% to 3006.73. The Dow Jones industrial average advanced 0.1% to 27147. Nasdaq however lost 0.1% to 8177.39. The dollar strengthening resumed after data showing housing starts and building permits accelerated increases in August: 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 98.54 but is lower currently. Stock index futures point to lower openings today.

US stock indexes edged up on Tuesday led by real estate and utility shares. The S&P 500 rose 0.3% to 3005.70. Dow Jones industrial added 0.1% to 27110.803. The Nasdaq advanced 0.4% to 8186.02. The dollar weakening resumed despite data showing US industrial production rose above expected 0.6% in August, largest gain in a year. 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 98.21 but is higher currently ahead of expected decision of the Fed to cut rates today at conclusion of its policy meeting. Stock index futures point to lower openings today.

US stock indexes pulled back on Monday as oil prices jumped after a Saturday attack on Saudi Arabia’s oil-production facilities. The S&P 500 finished 0.3% lower at 2997.96. Dow Jones industrial dropped 0.5% to 27076.82. The Nasdaq composite fell 0.3% to 8153.54. The dollar strengthening resumed despite expectations of a rate cut at the Fed two-day meeting which starts today: 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, jumped 0.5% to 98.64 and is higher currently. Stock index futures point to mixed openings today.

US stocks ended marginally lower on Friday despite strong August retail sales report . The S&P 500 slipped 0.1% to 3007.39, extending gains 1% for the week. Dow Jones industrial however rose 0.2% to 27219.52. The Nasdaq slid 0.2%. The dollar weakening continued despite Commerce Department report retail sales grew above expected 4.1% on-year in August. 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 98.17 and is lower currently. Stock index futures point to lower openings today.

US stock indexes advance continued on Thursday as President Trump said he would be open to a smaller-scale, interim trade deal. The S&P 500 gained 0.3% to 3009.57. The Dow Jones industrial average added 0.2% to 27182.45. Nasdaq composite index rose 0.3% to 8194.47. The dollar weakened despite data showing core inflation rose 0.3%, above forecasts of a 0.2% gain, while the number of Americans applying for new unemployment benefits fell by 15,000 to 204,000 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, fell 0.3% to 98.35 and is lower currently. Stock index futures point to higher openings today.

US stock indexes extended gains on Wednesday as Beijing announced it exempted some US products from retaliatory import tariffs. The S&P 500 gained 0.7% to 3000.93. The Dow Jones industrial average advanced 0.9% to 27137.04. Nasdaq rose 1.1% to 8169.67. The dollar strengthening accelerated after data showing wholesale price growth rose year-over-year at a 1.8% rate, after a 1.7% advance 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 0.3% to 98.63 and is higher currently. Stock index futures point to higher openings today.

US stock market edged up on Tuesday while tech stocks weighed after the attorneys general of 50 US states announced an investigation into Google’s ‘potential monopolistic behavior’. The S&P 500 added 0.03% to 2979.39. Dow Jones industrial rose 0.3% to 26909.43, extending winning streak to fifth session. The Nasdaq however retreated 0.04% to 8084.15. The dollar strengthening resumed as the Labor Department reported Americans quit their jobs hit an all-time high in July, suggesting that workers are confident in the strength of the job market. 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, added 0.01% to 98.32 and is higher currently. Stock index futures point to higher openings today.

US stock indexes ended mixed on Monday as Treasury Secretary Mnuchin said the administration was willing to continue with its tariff policy unless a good deal for US companies and workers could be struck The S&P 500 finished 0.01% lower at 2978.43. Dow Jones industrial rose 0.1% to 26835.51. The Nasdaq composite retreated 0.2% to 8087.44. The dollar strengthening reversed despite data showing consumer borrowing rose 6.8% annual rate in July from a 4.1% rate in the previous month: 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 98.31 but is higher currently. Stock index futures point to higher openings today.

US stock indexes ended marginally higher on Friday despite disappointing August jobs report . The S&P 500 gained 0.1% to 2978.71, extending gains 1.5% for the week. Dow Jones industrial rose 0.3% to 26797.46. The Nasdaq however slipped 0.2% to 8103.07. The dollar strengthening continued even as the Labor Department reported US economy added below expected 130,000 jobs in August. 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 0.02% to 98.41 and is higher currently. Stock index futures point to higher openings today.

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