U.S INDEX MARKET
The U.S. Dollar Index is trading at 91.65 up with +0.07% percent or +0.06 point. The Dow Futures is trading at 24,289.00 with a loss of -0.11% percent or -27.00 point. The S&P 500 Futures is trading at 2,671.75 with a loss of -0.10% percent or -2.75 point. The Nasdaq Futures is trading at 6,751.75 up with +0.25% percent or +17.00 point.
TODAY’S FACTORS AND EVENTS
The dollar held near a 3-1/2-month high against a basket of currencies on Friday as higher U.S. yields have prompted unwinding of big short positions in the currency while the euro was hampered by a dovish tone from the European Central Bank.
The dollar’s index against six major currencies hit a high of 91.639, its strongest level since mid-January as investors have warmed to the greenback thanks to attractive Treasury yields.
The benchmark 10-year U.S. Treasuries had hit the psychologically important three percent mark on combination of worries about inflation and increased debt supplies as a result of President Donald Trump’s tax cuts and spending plans.
PREVIOUS DAY ACTIVITY
Other leading market index closes included the small-cap Russell 2000 Index closed at 1,557.89 up with +0.48% percent or +7.43 point; the S&P 600 Small-Cap Index closed at 958.70 up with +0.38% percent or +3.67 point; the S&P 400 Mid-Cap Index closed at 1,895.21 up with +0.38% percent or +7.20 point; the S&P 100 Index closed at 1,169.17 up with +1.19% percent or +13.79 point; the Russell 3000 Index closed at 1,581.47 up with +0.97% percent or ++15.16 point; the Russell 1000 Index closed at 1,581.4 up with +0.97% percent or +15.16 point;