The U.S. Dollar Index is trading at 96.70 with a loss of -0.23% percent or -0.22 point. The Dow Futures is trading at 22,494.00 up with +0.39% percent or +87.00 point. The S&P 500 Futures is trading at 2,425.62 up with +0.50% percent or +12.12 point. The Nasdaq Futures is trading at 6,104.25 up with +0.75% percent or +45.25 point.
TODAY’S FACTORS AND EVENTS
The dollar languished close to one-month lows on Friday, seemingly pressured by year-end positioning with financial markets whipsawed by a collapse in oil prices, sell-off in equities and a threat of a U.S. government shutdown.
A day after the Federal Reserve raised policy rates and delivered an outlook that was less dovish than traders had anticipated, the liquidation of heavy long positions in the dollar in markets thinned by holidays seemed to be the only explanation for the dollar’s weakness.
PREVIOUS DAY ACTIVITY
For the day the Dow is trading at 22,445.37 with a loss of -1.81% percent or -414.23 point. The S&P 500 is trading at 2,416.62 with a loss of -2.06% percent or -50.80 point. The Nasdaq Composite is trading at 6,332.99 with a loss of -2.99% percent or -195.41 point.
WORLD MARKETS
Other leading market index closes included the small-cap Russell 2000 Index closed at 1,292.09 with a loss of -2.56% percent or -33.92 point; the S&P 600 Small-Cap Index closed at 809.61 with a loss of -2.23% percent or -18.49 point; the S&P 400 Mid-Cap Index closed at 1,611.35 with a loss of -2.01% percent or -32.98 point; the S&P 100 Index closed at 1,071.32 with a loss of -2.28% percent or -25.04 point; the Russell 3000 Index closed at 1,418.06 with a loss of -2.11% percent or -30.51 point; the Russell 1000 Index closed at 1,333.95 with a loss of -2.07% percent or -28.23 point;