The U.S. Dollar Index is trading at 95.55 with a loss of -0.19% percent or -0.18 point. The Dow Futures is trading at 25,806.00 up with +0.19% percent or +48.00 point. The S&P 500 Futures is trading at 2,863.00 up with +0.16% percent or +4.50 point. The Nasdaq Futures is trading at 7,402.25 up with +0.21% percent or +15.25 point.
TODAY’S FACTORS AND EVENTS
The dollar weakened on Tuesday after U.S. President Donald Trump criticized the head of the Federal Reserve for raising interest rates.
Trump said on Monday he was “not thrilled” with Jerome Powell’s rate hikes and said the U.S. central bank should do more to help him to boost the economy.
American presidents rarely criticize the Fed, whose independence is considered important for economic stability. But Trump has made reducing U.S. trade deficits a priority, and the combination of rising interest rates and a strengthening dollar poses risks for export growth.
PREVIOUS DAY ACTIVITY
U.S. market were higher on Monday.For the day the Dow is trading at 25,758.69 up with +0.35% percent or +89.37 point. The S&P 500 is trading at 2,857.05 up with +0.24% percent or +6.92 point. The Nasdaq Composite is trading at 7,774.12 up with +0.060% percent or +4.68 point.
Other leading market index closes included the small-cap Russell 2000 Index closed at 1,698.69 up with +0.34% percent or +5.75 point; the S&P 600 Small-Cap Index closed at 1,076.42 up with +0.36% percent or + 3.83 point; the S&P 400 Mid-Cap Index closed at 2,018.44 up with +0.41% percent or +8.25 point; the S&P 100 Index closed at 1,264.24 up with +0.15% percent or +1.92 point; the Russell 3000 Index closed at 1,697.07 up with +0.26%percent or +4.44 point; the Russell 1000 Index closed at 1,584.60 up with +0.26% percent or +4.05 point;