Market Overview


US stock indices continued the rally on Tuesday as positive earnings reports boosted investor confidence. 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 0.3% to 93.493. The S&P 500 added less than 0.1% settling at fresh record 2559.36 led by health care stocks. Dow Jones industrial average rose 0.2% closing at all-time high 22997.44, led by 4.9% jump in UnitedHealth shares on better than expected earnings and profit outlook. The Nasdaq composite index meanwhile slipped less than half a point to 6623.66.

US stock indices closed at record highs on Monday on expectations of positive earnings season. The dollar resumed strengthening: 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 93.251. S&P 500 closed 0.2% higher settling at record 2557.64 led by financial shares. The Dow Jones industrial average rose 0.4% to 22956.96. The Nasdaq composite index gained 0.3% to 6624.

US stock indices closed higher on Friday on positive earnings reports. The dollar was little changed despite slowing core inflation 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, inched down 0.01% to 93.08. S&P 500 rose 0.1% to 2553.17, led by technology and materials shares. Dow Jones industrial average added 0.1% to 22871.72 supported by gains in American Express and McDonald’s shares. The Nasdaq composite index outperformed gaining 0.2 % to record high 6605.80.

US stocks closed marginally lower on Thursday as investors digested major banking companies’ corporate reports. The dollar recovered: 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 93.087. Dow Jones industrial average slipped 0.1% to 22841.01. The S&P 500 lost 0.2% settling at 2550.93 led by financial shares down 0.8%. The Nasdaq index fell 0.2% closing at 6591.51.

US stocks closed at record highs on Wednesday after Fed minutes revealed some policy makers advocated cautious approach to further rate hikes. 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, retreated 0.3% to 92.955. The S&P 500 rose 0.2% settling at a record 2555.24. The Dow Jones added 0.2% to new record high 22872.89 led by gains in Johnson & Johnson and McDonalsd’s. Nasdaq composite gained 0.3% to fresh record high 6603.55.

US stocks resumed the rally on Tuesday on expectations of strong earnings season. The dollar weakening 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, fell 0.5% to 93.25. The S&P 500 added 0.2% settling at 2550.64 led by consumer staples stocks. Nine out of 11 main sectors finished higher. Dow Jones industrial average rose 0.3% closing at fresh all-time high 22830.68, led by 4.5% jump in Wal-Mart shares. The Nasdaq composite index gained 0.1% to 6587.25.

US stocks closed lower on Monday in thin trading. The dollar continued weakening: 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 0.1% to 93.709. S&P 500 closed 0.2% lower settling at 2544.70 led by health care, industrial and financial stocks. Six out of 11 main sectors ended lower. The Dow Jones industrial average slipped 0.1% to 22761.07 weighed by 3.9% drop in GE shares. The Nasdaq composite index lost 0.2% to 6579.73, snapping nine session winning streak.

US stocks closed lower on Friday on weak September jobs report. The dollar was little changed as nonfarm payrolls shrank 33 thousand though a 80 thousand gain 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, inched down 0.01% to 93.803. S&P 500 fell 0.1% to 2549.33, with eight out of 11 main sectors finishing in the red. Dow Jones industrial average lost 2 points to 22773.67. The Nasdaq composite index rose 0.1 % to record high 6590.18.

US stock market advanced to new record highs on Thursday after Congress passed a budget resolution. The dollar resumed strengthening: 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 0.4% to 93.895. Dow Jones industrial average rose 0.5% to all-time high 22775.39. The S&P 500 gained 0.6% settling at fresh record high 2552.07 sixth session in a row led by technology and financial shares up about 1%. The Nasdaq index advanced 0.8% closing at new record high 6585.36.

US stock market extended the streak of records on Wednesday supported by better than expected data. 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, retreated 0.1% to 93.489. The S&P 500 rose 0.1% settling at a record 2537.74 led by utilities and real estate shares. Six out of 11 main sectors of the index closed higher. The Dow Jones added 0.1% to new record high 22661.57 led by gains in Nike and Caterpillar. Nasdaq composite inched up less than 0.1% to 6534.63.

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