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Market Overview


US stock market rebounded on Friday led by technology shares. S&P 500 ended 1.4% up at 2767.13, closing 4.1% lower for the week. Dow Jones industrial average gained 1.2% to 25339.99. The Nasdaq rallied 2.3% to 7496.89. The dollar strengthening resumed as import prices rose 0.5% in September: 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 0.3% to 95.249 but is lower currently. Futures on stock indices point to lower openings today.

US equities pullback slowed on Thursday after S&P 500 and Dow logged their biggest one-day drop since February. The S&P 500 fell 2.1% to 2728.37 with all of the 11 mains sectors ending lower. Dow Jones industrial average lost 2.1% to 25052.83. The Nasdaq composite slid 1.3% to 7329.06 after dipping briefly into correction territory – declining more than 10% from the most recent 52-week high. The dollar weakening accelerated after data showed lower than expected inflation for September. 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 95.006 and is lower currently. Futures on stock indices indicate higher openings today.

US equities pulled back on Wednesday as Treasury yields remained at elevated levels. The S&P 500 fell 3.3% to 2785.68 led by technology shares. The Dow Jones industrial average lost 3.2% to 25589.74. Nasdaq composite index dropped 4.1% to 7422.05. The dollar weakening accelerated despite report wholesale prices measured by producer price index rose faster in September than 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, fell 0.24% to 95.455 and is lower currently. Futures on stock indices indicate lower openings today.

US stock market retreat continued on Tuesday while the Nasdaq edged higher as technology stocks recovered. The S&P 500 slipped 0.1% to 2880.34. Dow Jones erased previous session gain ending 0.2% lower at 26430.57. The Nasdaq composite index added 0.03% to 7738.02. The dollar strengthening reversed as 10-year Treasury yields dipped after hitting a fresh 7-year high above 3.25%: 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 95.663 and is lower currently. Futures on stock indices indicate mixed openings today.

US equities edged lower on Monday while Dow ended marginally higher. The S&P 500 slipped 0.04% to 2884.43. Dow Jones industrial rose 0.2% to 26486.78. The Nasdaq composite index fell 0.7% to 7735.95. The dollar strengthening resumed on continuing gains in government bond yields: 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 0.15% to 95.754 and is higher currently. Futures on stock indices point to lower openings today.

US equities extended losses on Friday as concerns about rising yields outweighed positive jobs report. S&P 500 ended 0.6% lower at 2885.57, closing 1% lower for the week. Dow Jones industrial average lost 0.7% to 26447.05. The Nasdaq fell 1.2% to 7788.45. The dollar strengthening halted as unemployment fell from 3.9% to 3.7% in September, 48-year low: 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, was little changed at 95.786 and is higher currently. Futures on stock indices indicate lower openings today.

US equities erased previous session gains on Thursday as positive data lifted bond yields. The S&P 500 fell 0.8% to 2901.61 with nine of the 11 mains sectors ending lower. Dow Jones industrial average lost 0.8% to 26627.48. The Nasdaq composite slumped 1.8% to 7879.51. The dollar strengthening reversed despite data showing initial jobless claims fell to multi-decade lows and factory orders rose 2.3% in August when 2.2% increase 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, fell 0.2% to 95.732 but is rising currently. Futures on stock indices point to lower openings today.

US equities resumed growth on Wednesday buoyed by upbeat data. The S&P 500 edged up 0.1% to 2925.51. The Dow Jones industrial average rose 0.2% to fresh record 26828.39, the fifteenth record in 2018. Nasdaq composite index gained 0.3% to 8025.09. The dollar strengthening accelerated on reports ISM’s Nonmanufacturing PMI jumped to 61.6 in September, above forecasts of 58: 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 95.973 and is rising currently. Futures on stock indices indicate lower openings today.

US equities ended marginally lower on Tuesday while the Dow Jones closed at new record high. The S&P 500 slipped 0.04% to 2923.43. Dow Jones industrials logged the fourth consecutive gain rising 0.5% to 26773.94, the fourteenth record close of 2018 . The Nasdaq composite index slid 0.5% to 7999.55. The dollar strengthening accelerated despite report US new vehicle sales fell in September compared to the same period a year ago: 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 0.2% to 95.465 but is lower currently. Futures on stock indices point to higher openings today.

US equities rebounded on Monday supported by news US and Canada reached a deal in trade negotiations. The S&P 500 rose 0.4% to 2924.59. Dow Jones industrial climbed 0.7% to 26651.21. The Nasdaq composite index however slipped 0.1% to 8037.30. The dollar strengthening continued as Markit’s manufacturing index’s final reading for September remained at 55.6 up from previous month’s 54.7, while a reading on manufacturing from the Institute for Supply Management slipped to 59.8 from 60.1: 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 95.291 and is higher currently. Futures on stock indices indicate lower openings today.