The U.S. Dollar Index is trading at 94.520 up with +0.040% percent or +0.040 point. The Dow Futures is trading at 24,848.00 up with +0.64% percent or +159.00 point. The S&P 500 Futures is trading at 2,787.25 up with +2,787.25 percent or +13.75 point. The Nasdaq Futures is trading at 7,285.25 up with +0.43% percent or +31.50 point.
TODAY’S FACTORS AND EVENTS
The dollar held at a nine-day high on Thursday, bolstered by concern U.S. inflation pressures will pick up, although worries about an escalation in trade conflict capped gains.
The conventional wisdom is that any escalation in trade conflict between the United States and its trading partners will feed through to inflation and prompt the U.S. Federal Reserve to raise interest rates at least twice more this year.
But market watchers fear the dollar may have peaked for now.
PREVIOUS DAY ACTIVITY
For the day the Dow is trading at 24,700.45 with a loss of -0.88% percent or -219.21 point. The S&P 500 is trading at 2,774.02 with a loss of -0.71% percent or -19.82 point. The Nasdaq Composite is trading at 7,716.61 with a loss of – 0.55% percent or -42.59 point.
Other leading market index closes included the small-cap Russell 2000 Index closed at 1,683.66 with a loss of -0.71% percent or -11.96 point; the S&P 600 Small-Cap Index closed at 1,044.24 with a loss of -0.77% percent or -8.15 point; the S&P 400 Mid-Cap Index closed at 1,991.48 with a loss of -0.83% percent or -16.64 point; the S&P 100 Index closed at 1,221.77 with a loss of -0.66% percent or -8.12 point; the Russell 3000 Index closed at 1,652.86 with a loss of -0.70% percent or -11.67 point; the Russell 1000 Index closed at 1,541.07 with a loss of -0.70% percent or -10.87 point;