U.S INDEX MARKET
The U.S. Dollar Index is trading at 93.92 with a loss of -0.06% percent or -0.05 point. The Dow Futures is trading at 24,538.00 up with +0.50% percent or 121.00 point. The S&P 500 Futures is trading at 2,717.75 up with +0.45% percent or +12.25 point. The Nasdaq Futures is trading at 6,999.75 up with +0.33% percent or +23.00 point.
TODAY’S FACTORS AND EVENTS
The euro edged higher on Friday and looked set to break a six-week losing streak, supported by a drop in Italian bond yields after a revived coalition deal between two anti-establishment parties pulled the country back from snap elections.
With worries that political turmoil in Italy would roil markets receding, investors have — after strong inflation data this week — shifted their focus back to predicting when will the European Central Bank raise interest rates.
Annual inflation in the 19 countries sharing the euro rose to 1.9 percent in May from 1.2 percent in April, well above expectations for a 1.6 percent increase.
PREVIOUS DAY ACTIVITY
Other leading market index closes included the small-cap Russell 2000 Index closed at 1,633.61 with a loss of -0.87% percent or -14.38 point; the S&P 600 Small-Cap Index closed at 1,007.54 with a loss of -1.07% percent or -10.92 point; the S&P 400 Mid-Cap Index closed at 1,946.43 with a loss of -1.09% percent or -21.53 point; the S&P 100 Index closed at 1,188.91 with a loss of -0.50% percent or -5.99 point; the Russell 3000 Index closed at 1,610.67 with a loss of -0.71% percent or -11.47 point; the Russell 1000 Index closed at 1,502.31 with a loss of -0.69% percent or – 10.48 point;