U.S INDEX MARKET
The U.S. Dollar Index is trading at 94.53 up with +0.25% percent or +0.24 point. The Dow Futures is trading at 24,235.00 with a loss of -0.18% percent or -44.00 point. The S&P 500 Futures is trading at 2,716.75 with a loss of -0.20% percent or -5.50 point. The Nasdaq Futures is trading at 7,066.75 with a loss of -0.10% percent or -6.75 point.
TODAY’S FACTORS AND EVENTS
The dollar held near a one-week low against a basket of currencies on Tuesday as investors retreated to the sidelines while concerns grew about an intensifying conflict between the United States and its trade partners, particularly China.
The Chinese currency weakened to a fresh six-month low as expectations grew that Beijing will let the yuan weaken more in coming days to soften the impact of trade tariffs by the U.S.
“Currency markets are treading water at the moment because of the trade war concerns and in the near term we think the dollar may gain against the Chinese currency and other rivals,” said Al
PREVIOUS DAY ACTIVITY
For the day the Dow is trading at 24,252.80 with a loss of -1.33% percent or -328.09 point. The S&P 500 is trading at 2,717.07 with a loss of -1.37% percent or -37.81 point. The Nasdaq Composite is trading at 7,532.01 with a loss of -2.09% percent or -160.81 point.
Other leading market index closes included the small-cap Russell 2000 Index closed at 1,657.51 with a loss of -1.67% percent or -28.07 point; the S&P 600 Small-Cap Index closed at 1,025.84 with a loss of -1.60% percent or -16.73 point; the S&P 400 Mid-Cap Index closed at 1,960.90 with a loss of -1.44% percent or -28.71 point; the S&P 100 Index closed at 1,191.80 with a loss of -1.48% percent or -17.90 point; the Russell 3000 Index closed at
1,619.78 with a loss of -1.44% percent or -23.62 point; the Russell 1000 Index closed at 1,509.63 with a loss of -1.42% percent or -21.71 point;