US PRE MARKET
The US Dollar Index are trading at 93.74 with a loss of -0.19% percent or -0.17 point. The cac 40 index are trading at 5,116.53 with a loss of –1.36% percent or –70.42 point . The DAX Index are trading at 12,124.43 with a loss of –0.72% percent or –87.61 point. The EURO Stoxx 50 Index are trading at 3,457.95 with a loss of –1.01% percent or –35.19 point.
TODAY’S FACTORS AND EVENTS
The Swiss franc fell for a fourth consecutive day on Friday and is on track to post its biggest monthly drop in six years against the euro as some hedge funds sold the currency after it broke through major technical levels this week.
The franc’s drop against the euro came after Swiss National Bank chief Thomas Jordan reiterated in an interview to Le Temps on Monday that the currency was still “significantly overvalued.”
The SNB’s accommodative stance towards more currency weakness was in contrast to the optimism sounded by the European Central Bank last week at a scheduled policy meeting and that of other major central banks around the world, who are actively discussing withdrawing years of massive monetary stimulus.
U.S. market indexes were higher on Thursday. For the day the Dow Jones Industrial Average closed at 21,796.55 for up with +0.39% percent or +85.54 point. The S&P 500 closed at 2,475.42 with a loss of –0.10% percent or –2.41 point. The Nasdaq Composite closed at 6,382.19 with a loss of –0.63% percent or –40.56 point.
Other leading market index closes included the small-cap Russell 2000 Index closed at 1,433.62 with a loss of -0.60% percent or -8.66 point; the S&P 600 Small-Cap Index closed at 866.69 with a loss of –0.41% percent or –3.54 point; the S&P 400 Mid-Cap Index closed at 1,771.02 with a loss of –0.32% percent or –5.67 point; the S&P 100 Index closed at 1,092.25 for up with +0.07% percent or +0.78 point; the Russell 3000 Index closed at 1,465.88 with a loss of –0.18% percent or –2.67 point; the Russell 1000 Index closed at 1,371.50 with –0.15% percent or –2.03 point; and the Dow Jones U.S. Select Dividend Index closed at 21,796.55 for up with +0.39% percent or +85.54 point.