IFC Markets Forex Broker

Market Overview

US stock market edged higher on Monday on mixed data after reopening following Easter Holiday. The S&P 500 added 0.1% to 2907.97 as the Chicago Fed national activity index rose to negative 0.15 in March from negative 0.31 in February. Dow Jones industrial however dipped 0.2% to 26511.05 dragged by 1.3% drop in Boeing on reports of lax production oversight of 787 Dreamliner planes. The Nasdaq composite rose 0.2% to six-month high 8015.27. The dollar weakening persisted as existing homes sales declined 4.9% over month in March. 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, edged down 0.05% to 97.29 but is higher currently. Futures on US stock indexes point to mixed openings today.

US stock market will reopen today after Easter Holiday shortened week. Stocks closed marginally higher last Thursday, however the S&P 500 ended 0.1% lower for the week. The dollar gave back some of previous session gains on Friday as data showed housing starts for the month of March fell 0.3% while building permits fell 1.7%. 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 97.34 but is higher currently. Futures on US stock indexes point to mixed openings today.

US stock market advance resumed on Thursday supported by positive data and earnings. The S&P 500 added 0.2% to 2905.03. The Dow Jones industrial average rose 0.4% to 26559.54. Nasdaq composite index gained 1.98 points to 7998.06. The dollar strengthening resumed as data showed retail sales rose 1.6% in March, and initial jobless claims for unemployment benefits fell for the fifth week 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, rose 0.4% to 97.44 but is lower currently. US market will be closed for Good Friday.

US stock market paused on Wednesday weighed by healthcare stocks under pressure in debates for the Democratic nomination for president. The S&P 500 lost 0.2% to 2900.45. The Dow Jones industrial average slipped 0.01% to 26449.54. Nasdaq composite index slid 0.05% to 7976.08. The dollar weakening resumed despite report the US trade deficit fell 3.4% in February to the lowest level in eight months. 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, slipped 0.1% to 97.01 and is lower currently. Futures on US stock indexes point to lower openings today.

US stock market resumed advancing on Tuesday with 60% of companies that have reported quarterly results so far beating the revenue forecasts. The S&P 500 rose 0.3% to 2907.06. Dow Jones industrial added 0.3% to 26452.66. The Nasdaq gained 0.3% to 8000.23. The dollar strengthening accelerated as home builder sentiment rose to a six-month high in April, while industrial production fell 0.1% in March. 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 97.06 but is lower currently. Futures on US stock indexes point to higher openings today.

US stock market pulled back on Monday on disappointing Goldman Sachs and Citigroup quarterly reports. The S&P 500 slipped 0.1% to 2905.58. Dow Jones industrial dipped 0.1% to 26384.77 dragged by 3.8% drop of Goldman Sachs on revenue miss. The Nasdaq composite lost 0.1% to 7976.01. The dollar weakening paused as factory production in New York state picked up in April versus March. 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, edged up 0.02% to 96.94 but is lower currently. Futures on US stock indexes point to higher openings today.

US stock market resumed advancing on Friday on better than expected earnings from JPMorgan and Wells Fargo. S&P 500 added 0.7% to 2907.41, closing 0.5% higher for the week. Dow Jones industrial rose 1% to 26412.30. The Nasdaq advanced 0.5% to 7984.16. The dollar erased all of previous session gains as data showed 0.6% jump in import prices in March due mainly to rising fuel prices. 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 0.3% to 96.917 and is lower currently. Futures on US stock indexes point to lower openings today.

US stock market advance paused on Thursday as investors awaited first quarter earnings reports of JPMorgan and Wells Fargo due today. The S&P 500 added 0.11 points to 2888.32. The Dow Jones industrial average slipped 0.05% to 26143.05. Nasdaq composite index slid 0.2% to 7947.36. The dollar strengthening resumed as data showed initial jobless claims for unemployment benefits fell to 196,000, the lowest level in 50 years. 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 97.16 but is lower currently. Futures on US stock indexes point to higher openings today.

US stock market recovered most of previous session loses on Wednesday after the minutes from the Federal Reserve’s March meeting indicated the central bank is in wait and see mode with regards to resuming interest rate hikes. The S&P 500 gained 0.4% to 2888.21. The Dow Jones industrial average edged up 0.03% to 26157.16. Nasdaq composite index rose 0.7% to 7964.24. The dollar weakening accelerated as inflation report showed core CPI declined to a 13-month low of 2% in March, from 2.1%. 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 97.10 and is lower currently. Futures on US stock indexes point to higher openings today.

US stock market pulled back on Tuesday as the office of the US Trade Representative threatened to levy tariffs on $11 billion of EU products. The S&P 500 lost 0.6% to 2878.20. Dow Jones industrial dropped 0.7% to 26150.58. The Nasdaq fell 0.6% to 7909.28. The dollar weakening continued as the Bureau of Labor Statistics reported the number of job openings fell by 538,000 to 7.1 million in February. 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, slipped 0.03% to 97.01 and is lower currently. Futures on US stock indexes point to higher openings today.

Start trading with IFC Markets

We are ready to support you with any kind of questions, 24 hours a day.