Market Overview

US stock market paced higher on Tuesday after President Trump tweeted that US and Chinese teams would begin preparations for the leaders to sit down at the G20 summit in Osaka. The S&P 500 gained 1% to 2885.72. Dow Jones industrial rose 1.4% to 26465.54. The Nasdaq advanced 1.4% to 7953.88. The dollar weakening resumed ahead of Federal Reserve decision today with central bank widely expected to leave rates unchanged but signal impending rate cuts: 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 97.51 but is higher currently. Futures on US stock indices point to higher openings today.

US stock market resumed advancing on Monday led by technology stocks as the Federal Reserve started two-day policy meeting. The S&P 500 gained 0.1% to 2889.67. Dow Jones industrial added 0.1% to 26112.53. The Nasdaq composite rose 0.6% to 7845.02. The dollar turned marginally lower yesterday on reports manufacturing activity in the New York state and home builder confidence declined in June: 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 0.02% to 97.53 and is lower currently. Futures on US stock indices point to higher openings today.

US stock market ended marginally lower on Friday led by technology shares. The S&P 500 slid 0.2% to 2886.98, adding 0.5% for the week. Dow Jones industrial slipped 0.1% to 26089.61. The Nasdaq lost 0.5% to 7796.66. The dollar accelerated strengthening as data showed retail sales grew 0.5% in May, while sales were revised to 0.3% growth in April after an initial estimate of 0.2% decline. 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 97.55 but is lower currently. Futures on US stock indices point to higher openings today.

US stock market rebound resumed on Thursday led by energy shares. The S&P 500 added 0.4% to 2891.64. The Dow Jones industrial average gained 0.4% to 26106.77. Nasdaq composite index rose 0.6% to 7837.13. The dollar strengthening slowed as new applications for unemployment benefits rose to 222,000, in the week ended June 8, from 219,000. 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 0.1% to 97.028 and is higher currently. Futures on US stock indices point to lower openings today.

US stock market extended losses on Wednesday as President Trump said he didn’t have a deadline for imposing additional tariffs on China. The S&P 500 slid 0.2% to 2879.84. The Dow Jones industrial average slipped 0.2% to 26004.83. Nasdaq composite index lost 0.4% to 7792.72. The dollar strengthening resumed despite inflation report the cost of living over the past 12 months slowed to 1.8% from 2%. 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 0.3% to 96.97 but is lower currently. Futures on US stock indices point to mixed openings today.

US stock market ended marginally lower on Tuesday as China’s foreign ministry said it would respond firmly if the US insisted on escalating its standoff with China. The S&P 500 slid 0.03% to 2885.72. Dow Jones industrial edged down 0.05% to 26048.51. The Nasdaq slipped 0.01% to 7822.57. The dollar weakening resumed as data showed the increase in wholesale prices over the past year slowed to 1.8% from 2.2% in April. 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 96.71 and is lower currently. Futures on US stock indices point to lower openings today.

US stock market rebound continued on Monday led by technology stocks. The S&P 500 gained 0.5% to 2886.73. Dow Jones industrial added 0.3% to 26062.68. The Nasdaq composite rose 1.1% to 7823.17. The dollar turned higher yesterday: 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 96.768 and is higher currently. Futures on US stock indices point to higher openings today.

US stock market ended solidly higher on Friday as weak May jobs report supported hopes of Fed interest rate cuts soon. The S&P 500 rose 1.1% to 2873.34, recovering 4.4% for the week. Dow Jones industrial advanced 1% to 25983.94. The Nasdaq rallied 1.7% to 7742.10. The dollar accelerated weakening as US economy added 75,000 new jobs in May, while 185,000 new jobs were expected, the Labor Department reported. 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 96.568 but is higher currently. Futures on US stock indices point to higher openings today.

US stock market rebound continued on Thursday after reports Trump administration might delay a planned 5% tariff on all imports from Mexico. The S&P 500 added 0.6% to 2843.49. The Dow Jones industrial average rose 0.7% to 25720.66. Nasdaq composite index gained 0.5% to 7615.55. The dollar strengthening reversed as new applications for unemployment benefits rose to 218,000, in the week ended June 1, from 215,000. 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 97.0 but is lower currently. Futures on US stock indices point to higher openings today.

US stock market extended gains on Wednesday despite mixed data. The S&P 500 gained 0.8% to 2826.15. The Dow Jones industrial average rose 0.8% to 25539.57. Nasdaq composite index advanced 0.6% to 7575.48. The dollar strengthening resumed as the Institute for Supply Management services sector index came in at above expected 56.9% after 55.5% April reading, while ADP payroll data firm reported that the U.S. economy added just 27,000 private-sector jobs in May. 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 0.2% to 97.30 but is lower currently. Futures on US stock indices 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.