The U.S. Dollar Index is trading at 96.48 with a loss of -0.49% percent or -0.48 point. The Dow Futures is trading at 25,725.00 with a loss of -0.47% percent or -121.00 point. The S&P 500 Futures is trading at 2,781.50 with a loss of -0.33% percent or -9.25 point. The Nasdaq Futures is trading at 7,024.50 with a loss of -2.47% percent or -33.75 point.
TODAY’S FACTORS AND EVENTS
The dollar slipped in Asia on Tuesday as U.S. Treasury yields fell to three-month lows, a sign some investors were wagering the Federal Reserve would slow the pace of its rate hikes.
The weakness in the dollar comes against the backdrop of a temporary truce in the US-China trade conflict, which has bolstered investor confidence in riskier currencies versus the safe-haven greenback.
The U.S. 10-year Treasury yield fell to 2.94 percent on Tuesday, its lowest level since mid September. The difference in yield between the U.S. 2-year and 10-year tightened to its smallest since July 2007.
PREVIOUS DAY ACTIVITY
For the day the Dow is trading at 25,826.43 up with +1.13% percent or +287.97 point. The S&P 500 is trading at 2,790.37 up with +1.09% percent or +30.20 point. The Nasdaq Composite is trading at 7,441.51 up with +1.51% percent or +110.98 point.
Other leading market index closes included the small-cap Russell 2000 Index closed at 1,548.96 up with +1.02% percent or +15.69 point; the S&P 600 Small-Cap Index closed at 969.77 up with +0.71% percent or +6.82 point; the S&P 400 Mid-Cap Index closed at 1,895.32 up with +0.89% percent or +16.67 point; the S&P 100 Index closed at 1,238.63 up with +1.10% percent or +13.44 point; the Russell 3000 Index closed at 1,643.90 with +1.10% percent or +17.91 point; the Russell 1000 Index closed at 1,542.45 up with +1.11% percent or +16.89 point;