U.S INDEX MARKET
The U.S. Dollar Index is trading at 93.62 with a loss of –0.27% percent or –0.25 point. The Dow Futures is trading at 25,153.00 up with +1.33% percent or 331.00 point. The S&P 500 Futures is trading at 2,773.50 up with +0.80% percent or +22.00 point. The Nasdaq Futures is trading at 7,217.25 up with +0.53% percent or +38.00 point.
TODAY’S FACTORS AND EVENTS
U.S. government debt yields rose Wednesday after the European Central Bank’s chief economist said the bank is set to discuss the end of its massive bond-buying program.
ECB Chief Economist Peter Praet said the bank will discuss next week how to temper its €30 billion ($35 billion) monthly purchasing program originally introduced to help revive the euro zone’s economy following the sovereign debt crisis.
“Signals showing the convergence of inflation towards our aim have been improving, and both the underlying strength in the euro area economy and the fact that such strength is increasingly affecting wage formation supports our confidence that inflation will reach a level of below, but close to, 2 percent over the medium term,” Praet said Wednesday.
PREVIOUS DAY ACTIVITY
For the day the Dow is trading at 25,098.44 with +1.20% percent or +298.46 point. The S&P 500 is trading at 2,766.96 up with +0.66% percent or +18.16 point. The Nasdaq Composite is trading at 7,675.60 up with +0.49% percent or +37.74 point.
Other leading market index closes included the small-cap Russell 2000 Index closed at 1,675.95 up with +0.68% percent or +11.32 point; the S&P 600 Small-Cap Index closed at 1,039.13 up with +0.57% percent or +5.89 point; the S&P 400 Mid-Cap Index closed at 1,989.56 up with +0.77% percent or +15.22 point; the S&P 100 Index closed at 1,219.18 up with +0.93% percent or +11.26 point; the Russell 3000 Index closed at 1,651.26 up with +0.85% percent or + 13.88 point; the Russell 1000 Index closed at 1,540.08 up with +0.86% percent or +13.16 point;