Market Overview


US markets were closed on Monday for a holiday. Both the S&P 500 and the Dow Jones industrial average ended last week 4.3% higher for the week as concerns about faster rate hikes abated. The dollar strengthening persisted: 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 89.2. Futures on main US stock indices slipped yesterday and point to lower opening today.

US stocks inched higher on Friday ending off session highs after Special Counsel Robert Mueller announced the indictments of 13 Russian nationals and three Russian entities, accusing them of interfering in US elections. S&P 500 added 0.04% to 2732.22. Dow Jones industrial average rose less than 0.1% to 25219.38. Both the US broad market index and Dow industrial gained 4.3% for the week, advancing for sixth straight day. The Nasdaq composite lost 0.2% to 7239.47. The dollar resumed strengthening as import prices rose 1% over year after 0.2% gain in December: 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 0.6% to 89.148. Markets are closed in the US today for Presidents’ Day.

US stocks continued rising on Thursday. Dow Jones industrial average advanced 1.2% to 25200.37. The S&P 500 rose 1.2% to 2731.20. The Nasdaq composite jumped 1.5% to 7256.43. The dollar weakened fourth session in a row: 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 0.4% to 88.588. Index futures point to higher openings today.

US stocks advanced on Wednesday despite strong January inflation report. The dollar weakness persisted: 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 0.8% to 88.978. The S&P 500 rallied 1.3% to 2698.63 led by financial and technology shares. The Dow Jones industrial rose 1% to 24893.49. Both Dow and SP500 recorded fourth consecutive gain. Nasdaq composite index jumped 1.9% to 7143.62. Index futures indicate higher openings today.

US stocks ended higher on low volume trading Tuesday ahead of important January inflation report. The S&P 500 rose 0.3% to 2662.94 led by consumer staples and real estate shares. Dow Jones industrial average gained 0.2% to 24640.45, with gains in Caterpillar and Goldman Sachs outweighing 1.3% drop in United Technology. The Nasdaq composite index climbed 0.5% to 7013.51. The dollar weakness 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 89.72. Index futures point to higer openings today.

US stocks advanced on Monday as investors brave enough to buy the dip continued their hunt for bargains. The S&P 500 climbed 1.4% settling at 2656. The Dow Jones industrial average advanced 1.7% to 24601.27. The Nasdaq composite index rose 1.6% to 6981.96. The dollar weakened, the sentiment persisting today: 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 90.426. Index futures indicate lower openings today.

US stocks rebounded on Friday in volatile session recording the worst weekly decline in two years however. S&P 500 recovered 1.5% to 2619.55 led by technology shares, up 2.5%. Dow Jones industrial average rose 1.4% to 24190.90, returning back into positive territory. Both the US broad market index and Dow industrial fell 5.2% for the week. The Nasdaq composite added 1.4% to 6874.47. 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 90.426. Index futures point to higher openings today.

US financial markets retreat continued on Thursday as markets adjust to expectations of tighter monetary policy. Dow Jones industrial average dropped 4.2% to 23860.46. The S&P 500 lost 3.8% to 2798.03 led by financial and technology shares. Both S&P 500 and DJI entered correction territory. The Nasdaq composite fell 3.9% to 7296.05. The dollar weakening 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, inched 0.01% lower to 90.274. Index futures point to higher openings today.

US financial markets ended lower on Wednesday as bond yields rose after news top senators agreed on a budget deal that would increase budget deficit. The dollar rebound 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 0.8% to 90.356. The S&P 500 fell 0.5% to 2681.66 led by energy and technology shares. The Dow Jones industrial lost 0.08% to 24893.35. Nasdaq composite index slid 0.9% to 7051.98. Index futures point to mixed openings today.

US financial markets rebounded on Tuesday in a volatile session as buyers emerged after panic sell-off Monday. The S&P 500 recovered 1.7% to 2695.14 following 4.1% drop Monday. Dow Jones industrial average gained 2.3% to 24912.77, paring 4.6% loss the previous day. The Nasdaq composite index climbed 2.1% to 7115.88. The dollar added to previous day strength: 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 0.03% to 89.65. The recovery brought both S&P 500 and DJI back into positive territory for the year.