Market Overview


On Friday, both the dollar index and the US stocks fell.

US stocks inched lower on Thursday as weak corporate reports weighed on market sentiment. The dollar resumed the tumble: 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 0.6% to 94.241. Dow Jones industrial average lost 0.1% closing at 21611.78 dragged by 4.1% drop in Home Depot. The S&P 500 slipped 0.38 points settling at 2473.45 led by materials and industrials stocks. The Nasdaq index gained 0.1% to 6390.00 in tenth winning session in a row.

US stocks ended higher on Wednesday as investors’ optimism was boosted by better than expected results from Morgan Stanley. The dollar rebounded: 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, closed up 0.2% at 94.808. The S&P 500 rose 0.5% settling at new record high 2473.83 lifted by gains in energy and materials stocks. All of the 11 main sectors advanced. The Dow Jones industrial average added 0.3% to 21640.75, as gains in DuPont and Boeing shares offset 4.2% drop in IBM on lower quarterly revenue. Nasdaq gained 0.6% to 6385.04, a fresh record high in the ninth session of consecutive gains.

US stocks closed at record highs on Tuesday led by technology stocks. 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 0.5% to 94.66. The S&P 500 added 1.47 points settling at record high 2460.61 as gains in technology stocks offset losses in telecom and energy shares. Dow Jones industrial average fell 0.3% closing at 21574.73 dragged by 2.6% drop in Goldman Sachs shares as the company reported a 40% decline in trading revenue. The Nasdaq composite index rose 0.5% to fresh record high 6344.31 in an eighth winning session in a row.

US stocks closed little changed on Monday as investors await earnings from major companies this week. The dollar edged higher after Friday’s losses following disappointing retail sales and inflation data: 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 0.05% to 95.141. S&P 500 slipped 0.01% settling at 2459.14. Only four of the 11 main sectors finished lower led by health care stocks down 0.3%. The Dow Jones industrial average closed down less than 0.1% to 2169.72, with losses in JP Morgan and IBM shares outweighing gains in Microsoft and Home Depot. The Nasdaq composite index rose 0.03% closing at 6321.76.

US stocks advanced on Thursday as Federal Reserve Chair Janet Yellen reaffirmed the dovish stance in her testimony to Banking Committee. The dollar was little changed: 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 at 95.758. Dow Jones industrial average added 0.1% closing at 21553.09, posting a fresh record high. The S&P 500 rose 0.2% settling at 2447.83 les by financial, energy and technology stocks. The Nasdaq index advanced 0.2% to 6274.44 for a fifth session of gains in a row.

US stocks ended higher on Wednesday as Federal Reserve chair Janet Yellen emphasized central bank’s gradual approach to normalizing monetary policy. The dollar was little changed: 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 0.01% to 95.768. The S&P 500 added 0.7% settling at 2443.25 lifted by gains in technology, real estate and materials stocks. All 11 main sectors finished higher. The Dow Jones industrial average closed at a fresh record high 21532.14 adding 0.6%, led by DuPont, Microsoft and Home Depot shares. Nasdaq rose 1.1% to 6261.17 for a fourth session of gains in a row.

US stocks closed little changed on Tuesday pairing early losses. 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 95.75. The S&P 500 slipped 1.9 points settling at 2425.53. Dow Jones industrial average gained less than a point closing at 21409.07. The Nasdaq index rose 0.3% to 6193.30 in a third winning session in a row.

US stocks closed higher on Monday led by gains in technology and materials stocks. The dollar edged higher adding to Friday’s gains after stronger than expected June jobs 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, gained 0.1% to 96.056. S&P 500 added 0.1% settling at 2427.43. The Dow Jones industrial average slipped less than 0.1% to 21408.52, with a 2.8% drop in Wal Mart shares outweighing gains in Visa and Nike. The Nasdaq composite index rose 0.4% closing at 6176.39.

US markets ended higher on Wednesday as Federal Reserve policy meeting minutes indicated central bank may start reducing its balance sheet soon and technology stocks rallied. 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, closed down 0.05% at 96.20. The S&P 500 added 0.2% settling at 2432.54 lifted by gains in technology, health care and financial stocks. The Dow Jones industrial average slipped less than 0.1% to 21478.17, as losses in Nike, Chevron and Exxon Mobil shares offset gains in Boeing, Intel and Microsfot. Nasdaq rose 0.7% to 6150.86.

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