Market Overview


US markets reopen today after Thanksgiving holiday. Stock index futures point to markets opening higher. Trading closes early today with roughly half of normal trading volumes expected. The dollar weakened yesterday as Fed minutes indicated the pace of future rate hikes may be slower as policymakers are wary of sluggish inflation: 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 0.2% lower at 93.1.

US stocks edged lower on Wednesday in thin trading ahead of Thanksgiving holiday with the Federal Reserve on track for a rate hike in December. The dollar weakened as the minutes raised the likelihood of slowing the pace of rate increases in 2018: 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, plunged 0.7% to 93.258. The S&P 500 slipped 0.1% to 2597.08 led by financial shares. The Dow Jones industrial average lost 0.3% to 23526.18. Nasdaq composite index meanwhile rose 0.1% to fresh record 6867.36.

US major stock indices ended at record highs on Tuesday on positive corporate reports. 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 0.1% to 93.98. The S&P 500 rose 0.7% to record 2599.03 led by technology stocks. Dow Jones industrial average climbed 0.7% to all time high 23590.83 supported by 1.9% gain in Apple. The Nasdaq composite index jumped 1.1% to fresh record high 6862.48.

US major stock indices ended higher on Monday supported by positive earnings results and tax cuts hopes. The dollar strengthened as euro slid on German coalition talks collapse: 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 94.046. S&P 500 closed 0.1% higher settling at 2582.14 led by telecom and technology shares. The Dow Jones industrial average rose 0.3% to 23430.33. The Nasdaq composite index added 0.1% to 6790.71.

US major stock indices ended lower on Friday on report US special counsel Mueller’s team had issued a subpoena to Trump’s campaign in mid-October. The dollar weakened on renewed political uncertainty: 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, slid 0.3% to 93.67. S&P 500 slipped 0.3% to 2578.85. The US broad market index lost 0.2% for the week. Dow Jones industrial average lost 0.2% to 23358.24. The Nasdaq composite meanwhile edged down 0.2% to 6782.79.

US major stock indices rebounded on Thursday on upbeat earnings reports as the House passed the Republican tax cut plan. 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, ended little changed at 93.899. Dow Jones industrial average rose 0.8% to 23458.36, buoyed by steep gains in Cisco and Wal-Mart shares on stronger than expected earnings. The S&P 500 gained 0.8% to 2585.64 led by telecom and consumer staples stocks. The Nasdaq composite index jumped 1.3% to a record high 6793.29.

US major stock indices pullback accelerated on Wednesday as concerns about tax cuts reform undermined investors risk appetite. The dollar strengthened : 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 93.91. The S&P 500 fell 0.6% to 2564.62 led by energy shares. Nine out of 11 main sectors ended in the red. The Dow Jones industrial average lost 0.6% to 23217.28. Nasdaq composite declined 0.5% to 6706.21.

US major stock indices inched lower on Tuesday as tax cuts delay concerns undermined market sentiment. The dollar weakened on euro rally: 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 0.7% to 93.81. The S&P 500 lost 0.2% to 278.87 led by energy and materials stocks. Dow Jones industrial average rose slipped 0.1% to 23409. The Nasdaq composite index fell 0.3% to 6737.87.

US major stock indices ended marginally higher on Monday with gains capped by uncertainty about Republicans’ tax cuts bill. The dollar edged higher: 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 94.504. S&P 500 closed 0.1% higher settling at 2584.84. The Dow Jones industrial average added less than 0.1% to 23439.63. The Nasdaq composite index rose 0.1% to 6757.60.

US stocks ended lower on Friday on corporate tax cuts delay concerns. The dollar weakened further as consumer sentiment deteriorated in November: 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, slid 0.1% to 94.373. S&P 500 slipped 0.1% to 2582.28 led by health care shares down 0.7%. The US broad market index lost 0.2% for the week. Dow Jones industrial average pulled back 0.2% to 23422.21. The Nasdaq composite meanwhile edged up less than 0.1% to 6750.94.

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