US PRE MARKET
The US Dollar Index are trading at 90.47 for up with +0.12% percent or +0.11 point. The cac 40 index are trading at 5,323.20 for up with +0.39% percent or +20.72 point . The DAX Index are trading at 30.90 with a loss of -1.42% percent or -0.44 point. The EURO Stoxx 50 Index are trading at 3,445.50 with a loss of -0.36% percent or -12.53 point.
TODAY’S FACTORS AND EVENTS
The dollar added to gains against a basket of major currencies on Wednesday after Federal Reserve Chairman Jerome Powell told U.S. lawmakers the central bank would stick with gradual interest rate increases despite the added stimulus of tax cuts and government spending.
Powell pledged to “strike a balance” between the risk of an overheating economy and the need to keep growth on track. His congressional testimony was his first public appearance since being sworn in as chairman earlier this month.
PREVIOUS DAY ACTIVITY
U.S. market were lower on Tuesday. For the day the Dow Jones Industrial Average closed at 25,410.03 with a loss of -1.16% percent or -299.24 point. The S&P 500 closed at 2,744.28 with a loss of -1.27% percent or -35.32 point. The Nasdaq Composite closed at 7,330.35 with a loss of -1.23% percent or -91.11 point.
Other leading market index closes included the small-cap Russell 2000 Index closed at 1,536.47 with a loss of -1.47% percent or -22.86 point; the S&P 600 Small-Cap Index closed at 937.83 with a loss of -1.57% percent or -14.93 point; the S&P 400 Mid-Cap Index closed at 1,887.21 with a loss of -1.45% percent or -27.72 point; the S&P 100 Index closed at 1,216.31 with a loss of -1.31% percent or -16.18 point; the Russell 3000 Index closed at 1,618.09 with a loss of -1.29% percent or – 21.08 point; the Russell 1000 Index closed at 1,517.51 with a loss of -1.27% percent or -19.55 point; and the Dow Jones U.S. Select Dividend Index closed at 25,410.03 with a loss of -1.16% percent or -299.24 point.