The U.S. Dollar Index is trading at 94.480 up with +0.040%percent or +0.040 point. The Dow Futures is trading at 25,052.00 up with +0.19% percent or +48.00 point. The S&P 500 Futures is trading at 2,805.50 up with +0.08% percent or +2.25 point. The Nasdaq Futures is trading at 7,409.25 up with +0.22% percent or +16.25 point.
TODAY’S FACTORS AND EVENTS
The dollar edged down on Monday, having notched up its biggest weekly gain in a month last week as investors raised their long bets to the highest level since early 2017, although concerns the economic rebound may be fading has prompted caution about the outlook.
Against a basket of its rivals, the greenback fell 0.2 percent to 94.60 after rising 0.7 percent last week, its biggest weekly rise since mid-June.
“Currency markets are treading water but with recent European economic data turning higher, we believe there is more upside to euro/dollar from current levels,” said Alvin Tan, a currency strategist at Societe Generale in London who expects the single currency to strengthen to $1.22 by end-2018.
PREVIOUS DAY ACTIVITY
Other leading market index closes included the small-cap Russell 2000 Index closed at 1,687.08 with a loss of -0.19% percent or -3.20 point; the S&P 600 Small-Cap Index closed at 1,045.81 with a loss of -0.079% percent or -0.83 point; the S&P 400 Mid-Cap Index closed at 1,996.35 with a loss of -0.019% percent or -0.38 point; the S&P 100 Index closed at 1,235.91 up with +0.098% percent or +1.21 point; the Russell 3000 Index closed at 1,667.36 up with +0.065% percent or +1.08 point; the Russell 1000 Index closed at 1,555.46 up with +0.086% percent or +1.34 point;