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Market Overview

US stock market rebounded on Tuesday after White House granted 90-day exceptions to export ban against Huawei Technologies. The S&P 500 gained 0.9% to 2864.36. Dow Jones industrial added 0.8% to 25877.33. The Nasdaq rose 1.1% to 7785.72. The dollar resumed strengthening despite a report existing home sales fell 4.4% in April from a year earlier. 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 98.014 and is higher currently. Futures on US stock indexes point to lower openings today.

US stock market pullback continued on Monday led by technology shares hurting from ban on business with Huawei Technologies. The S&P 500 lost 0.7% to 2840.23. Dow Jones industrial slid 0.3% to 25679.90. The Nasdaq composite tumbled 1.5% to 7702.38. The dollar weakened after data showed Chicago Fed’s national activity index slipped to a negative 0.45 in April, down from an upwardly revised positive 0.05 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, edged down 0.03% to 97.93 but is higher currently. Futures on US stock indexes point to higher openings today.

US stock market snapped three session winning streak Friday despite positive data. The S&P 500 lost 0.6% to 2859.53, ending 0.8% lower for the week notwithstanding announcement US and Canada reached a deal to end tariffs on aluminum and steel products from Canada. Dow Jones industrial slid 0.4% to 25764. The Nasdaq fell 1% to 7816.28. The dollar strengthening continued on the University of Michigan report consumer sentiment rose to a 15-year high 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, gained 0.7% to 97.97 and is higher currently. Futures on US stock indexes point to mixed openings today.

US stock market extended the rebound to third session in a row on Thursday on upbeat earnings reports of Walmart, Cisco. The S&P 500 advanced 0.9% to 2876.32. The Dow Jones industrial average gained 0.8% to 25862.68. Nasdaq composite index rose 1% to 7898.05. The dollar accelerated strengthening on better than expected new home construction and Philadelphia Fed’s manufacturing index report. 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 97.827 but is lower currently. Futures on US stock indexes point to lower openings today.

US stock market added to previous session gains on Wednesday despite soft data. The S&P 500 gained 0.6% to 2850.96. The Dow Jones industrial average added 0.5% to 25648.02. Nasdaq composite index rose 1.1% to 7822.15. The dollar strengthening continued despite data showing retail sales declined 0.2% last month after strong 1.7% growth 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, added 0.04% to 97.56 but is lower currently. Futures on US stock indexes point to lower openings today.

US stock market rebounded on Tuesday after President Trump said he had not decided whether to impose tariffs on an additional $300 billion of Chinese goods, and it should be clear in “three or four weeks” if the last trip of US delegation to China to discuss the trade deal was successful. The S&P 500 gained 0.8% to 2834.41. Dow Jones industrial added 0.8% to 25532.05. The Nasdaq rose 1.1% to 7734.49. The dollar snapped four-session slide as small business optimism rose to a four-month high in April while US import prices rose below expected 0.2% 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, rose 0.2% to 97.513 but is lower currently. Futures on US stock indexes point to lower openings today.

US stock market pulled back on Monday as US-China trade dispute tensions rose after China imposed retaliatory tariffs on $60 billion worth of imports from US following US hike of tariffs Friday on $200 billion of imports from China to 25% from 10%. The S&P 500 lost 2.4% to 2811.87. Dow Jones industrial tumbled 2.4% to 25324.99. The Nasdaq composite dropped 3.4% to 7647.02. The dollar weakening reversed:. 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 0.05% to 97.34 but is lower currently. Futures on US stock indexes point to higher openings today.

US stock market rebounded Friday buoyed by US negotiators’ description of trade talks with China as ‘constructive’ despite tariffs hike to 25% from 10% on $200 billion of Chinese imports. The S&P 500 rose 0.4% to 2881.40, ending 2.1% lower for the week. Dow Jones industrial gained 0.4% to 25942.37. The Nasdaq added 0.1% to 7916.94. The dollar weakening continued on a report consumer prices rose a below expected 0.3% on month 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, lost 0.1% to 97.30 but is higher currently. Futures on US stock indexes point to lower openings today.

US stock market extended losses on Thursday ahead of tariff hike to 25% from 10% on $200 billion Chines goods which came into effect today. The S&P 500 slid 0.3% to 2870.72. The Dow Jones industrial average fell 0.5% to 25828.36. Nasdaq composite index lost 0.4% to 7910.59. The dollar resumed weakening as data showed US wholesale prices rose a below expected 0.2% in April, and trade deficit widened 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, slipped 0.2% to 97.417 and is lower currently. Futures on US stock indexes point to lower openings today.

US stock market added to previous session losses on Wednesday as investors worried about possible path of US-China trade talks. The S&P 500 lost 0.2% to 2879.42. The Dow Jones industrial average however edged up 0.01% to 25967.33. Nasdaq composite index slid 0.3% to 7943.32. The dollar strengthening resumed: 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 0.05% to 97.59 but is lower currently. Futures on US stock indexes point to lower openings today.

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