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Market Overview


US stocks erased previous day gains on Thursday led by energy stocks, down 1.9%. The S&P 500 lost 0.6% to 2749.76. Dow Jones industrial average fell 0.8% to 24461.70. The Nasdaq composite dropped 0.9% to 7712.95. The dollar weakened despite a 3000 drop in initial jobless claims to 218000, while the Philadelphia FED’s manufacturing index slowed sharply to 19.9 in June from 34.4: 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 94.812 and is lower currently. Stock index futures indicate higher openings today.

US stocks bounced back on Wednesday despite further accusations by Trump administration late Tuesday China is waging a systematic campaign of “economic aggression.” The S&P 500 recovered 0.2% to 2767.32. The Dow Jones industrial however extended losses seventh straight session, slipping 0.2% to 24657.80. Nasdaq composite index rose 0.7% to 7781.51. The dollar strengthening continued: 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 up 0.1% to 95.10 and is higher currently. Stock index futures point to higher openings today.

US stocks continued retreating Tuesday after President Trump’s Monday threat of additional $400 billion in tariffs on Chinese goods if China didn’t revoke its retaliatory tariffs on US goods. The S&P 500 ended 0.4% lower at 2762.57. Dow Jones industrial average dropped 1.2% to 24700.21. The Nasdaq composite index fell 0.3% to 7725.59. The dollar strengthening resumed as housing starts in May were above expected, hitting 11-year high: 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 94.989 and is up currently. Stock index futures point to higher openings today.

US stocks extended losses Monday as uncertainty about US-China trade dispute after China announced it would retaliate to $50 billion US tariffs on Chinese imports undermined investor confidence. The S&P 500 lost 0.2% to 2773.87. Dow Jones industrial fell 0.4% to 24987.47, fifth decline in a row. The Nasdaq composite index however rose less than 0.1% to 7747.03. The dollar weakening continued: 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 to 94.731 but is rising currently. Stock index futures indicate lower openings today.

US stock market pulled back Friday as Trump announced tariffs on $50 billion of Chinese imports. S&P 500 slipped 0.1% to 2779.42, ending 0.01% higher for the week. Dow Jones industrial average fell 0.3% to 25090.48. The Nasdaq lost 0.2% to 7746.38. The dollar weakened as manufacturing production fell 0.7% 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, slipped 0.1% to 94.735 but is higher currently. Stock index futures point to lower openings today.

US stock market recovered on Thursday led by technology stocks. The S&P 500 rose 0.3% to 2782.49. Dow Jones industrial average however slipped 0.1% to 25175.31. The Nasdaq composite gained 0.9% to 7761.04, fresh record high. The dollar strengthened sharply: 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 1.4% to 94.85 and is rising currently. Stock index futures indicate lower openings today.

US stock market pulled back on Wednesday after a Fed rate hike and signal for more aggressive tightening later. The S&P 500 lost 0.4% to 2775.63. The Dow Jones industrial fell 0.5% to 25201.20. Nasdaq composite index slipped 0.1% to 7748.96. 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 93.51 and is lower currently. Stock index futures indicate lower openings today.

US stock market advance continued Tuesday with consumer discretionary in the lead. The S&P 500 ended 0.2% higher at 2786.85. Dow Jones industrial average however slipped less than 0.1% to 25320.73. The Nasdaq composite index climbed 0.6% to 7703.79. The dollar strengthening accelerated: 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 93.80 and is up currently. Stock index futures point to mixed openings today.

US stock markets extended gains Monday led by consumer staples shares. The S&P 500 gained 0.1% to 2782 with eight of its 11 sectors finishing higher. Dow Jones industrial advanced less than 0.1% to 25322.31. The Nasdaq composite index rose 0.2% to record high 7659.93. The dollar strengthening continued: 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 0.03% to 93.572 and is rising currently. Stock index futures indicate higher openings today.

US stock market recovered Friday as the Group of Seven industrialized nations met in Canada against the background of trade tension rising as European partners and Canada condemn imposition of US tariffs on their steel and aluminum exports. S&P 500 rose 0.3% to 2779.03, ending 1.6% higher for the week. Dow Jones industrial average added 0.3% to 25316.53. The Nasdaq edged up 0.1% to 7645.51. The dollar rebounded as wholesale inventories rose 0.1% in April while no change was expected: 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 93.54 but is lower currently. Stock index futures point to higher openings today.