U.S INDEX MARKET
The U.S. Dollar Index is trading at 92.71 with 0.00% percent or -0.01 point. The Dow Futures is trading at 24,710.00 up with +0.07% percent or +18.00 point. The S&P 500 Futures is trading at 2,719.50 up with +0.03% percent or +0.75 point. The Nasdaq Futures is trading at 6,959.00 with a loss of -0.09% percent or -6.00 point.
TODAY’S FACTORS AND EVENTS
The dollar hovered below a 4-1/2-month high against a basket of major currencies on Friday after tepid U.S. inflation data prompted traders to pare bets of faster rate hikes.
U.S. consumer prices rose less than expected in April, which would support gradual, rather than more aggressive, rate increases by the Federal Reserve.
“Given recent rises in oil prices, a weaker dollar earlier this year, and U.S. tax cuts, markets were clearly worried more about upside risks in inflation,” said Minori Uchida, chief currency strategist at MUFG Bank.
PREVIOUS DAY ACTIVITY
U.S. market were higher on Thursday.For the day the Dow is trading at 24,739.53 up with +0.80% percent or +196.99 point. The S&P 500 is trading at 2,723.07 up with +0.94% percent or +25.28 point. The Nasdaq Composite is trading at 7,404.97 up with +0.89% percent or +65.07 point.
Other leading market index closes included the small-cap Russell 2000 Index closed at 1,603.71 up with +0.48% percent or +7.66 point; the S&P 600 Small-Cap Index closed at 985.78 up with +0.58% percent or +5.65 point; the S&P 400 Mid-Cap Index closed at 1,937.91 up with +0.73% percent or +14.02 point; the S&P 100 Index closed at 1,197.16 up with +0.97% percent or +11.47 point; the Russell 3000 Index closed at 1,616.38 up with +0.86% percent or +13.80 point; the Russell 1000 Index closed at 1,510.45 up with +0.89% percent or +13.37 point;