The U.S. Dollar Index is trading at 97.47 up with +0.49% percent or +0.47 point. The Dow Futures is trading at 25,974.00 with 0.00% percent or +1.00 point. The S&P 500 Futures is trading at 2,781.75 up with +0.10% percent or +2.75 point. The Nasdaq Futures is trading at 7,056.00 up with +0.41% percent or +28.75 point.
TODAY’S FACTORS AND EVENTS
The dollar built on last week’s gains and rose towards as 16-month high on Monday as traders expect the U.S. Federal Reserve to keep tightening monetary policy.
The Fed has reaffirmed its plan to raise interest rates by 25 basis points in December, followed by two more potential rate hikes by mid-2019 on the back of an upbeat economy and rising wage pressures.
The greenback has also benefited from a safe haven bid as market participants moved away from riskier assets due to U.S.-Sino trade tensions, an economic slowdown in China, Brexit uncertainty, and the standoff between Rome and the European Union over Italy’s plan for a big-spending budget and wide fiscal deficit.
PREVIOUS DAY ACTIVITY
For the day the Dow is trading at 25,989.30 with a loss of -0.77% percent or -201.92 point. The S&P 500 is trading at 2,781.01 with a loss of -0.92% percent or -25.82 point. The Nasdaq Composite is trading at 7,406.90 with a loss of -1.65% percent or -123.98 point.
WORLD MARKETS
Other leading market index closes included the small-cap Russell 2000 Index closed at 1,549.49 with a loss of -1.82% percent or -28.72 point; the S&P 600 Small-Cap Index closed at 972.65 with a loss of -1.71% percent or -16.88 point; the S&P 400 Mid-Cap Index closed at 1,882.54 with a loss of -1.03% percent or -19.61 point; the S&P 100 Index closed at 1,237.35 with a loss of -0.94% percent or -11.73 point; the Russell 3000 Index closed at 1,637.23 with a loss of -1.01% percent or -16.64 point; the Russell 1000 Index closed at 1,535.66 with a loss of -0.94% percent or -14.61 point;