Dollar Index Update on 09 May 2018

U.S INDEX MARKET

The U.S. Dollar Index is trading at 93.30 up with +0.23%  percent or +0.21 point. The Dow Futures is trading at 24,345.00 up with +0.16% percent or +38.00 point. The S&P 500 Futures is trading at 2,675.00 up  with +0.18% percent or +4.75 point.  The Nasdaq Futures is trading at 6,826.00 up with +0.08% percent or +5.50 point.

TODAY’S FACTORS AND EVENTS

The dollar advanced on Tuesday to its highest level of 2018 against a basket of currencies on safe-haven buying, as investors worried about the fate of the Iran nuclear deal and political turmoil in Italy.

Recent data showing Europe’s economic growth was slowing caused traders to cut bullish bets on euro and to scale back their outlook for European interest rate hikes in 2019.

“The top focus point today is with Iran. There’s also a political wind blowing across Europe,” said Joe Manimbo, senior market analyst at Western Union Business Solutions in Washington. “Everything is pointing to further strengthen the dollar.”

PREVIOUS DAY ACTIVITY

U.S. market were mixed on Tuesday.For the day the Dow is trading at 24,360.21 up with +0.012% percent or +2.89 point. The S&P 500 is trading at 2,671.92 with a loss of  -0.027% percent or  -0.71 point. The Nasdaq Composite is trading at 7,266.90 up with +0.023% percent or +1.69 point.

Other leading market index closes included the small-cap Russell 2000 Index closed at 1,586.39 up  with +0.47% percent or +7.44 point; the S&P 600 Small-Cap Index closed at 974.77  up with +0.86% percent or  +8.28 point; the S&P 400 Mid-Cap Index closed at 1,913.91 up with +0.31% percent or +5.99   point; the S&P 100 Index closed at 1,173.77  with a loss of -0.042% percent or -0.49 point; the Russell 3000 Index closed at 1,588.06 up with +0.039% percent or +0.62 point; the Russell 1000 Index closed at 1,483.14 up with +0.0026% percent or +0.038 point;

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