The U.S. Dollar Index is trading at 96.55 with a loss of -0.11% percent or -0.11 point. The Dow Futures is trading at 22,990.00 with a loss of -1.44% percent or -335.00 point. The S&P 500 Futures is trading at 2,472.88 with a loss of -1.52% percent or -38.88 point. The Nasdaq Futures is trading at 6,208.00 with a loss of -2.56% percent or -163.00 point.
TODAY’S FACTORS AND EVENTS
The yen rocketed higher on Thursday and is poised for its biggest daily rise in 20 months as growing concerns about the health of the global economy, particularly China, sent investors scurrying into the safe-haven of the Japanese currency.
The yen surged across the board, reserving some of its biggest gains against the traditional high-yielding currencies favoured by domestic retail investors such as the Australian dollar and the Turkish lira.
The break of some key technical levels in early Asian trading on Thursday triggered some massive stop-loss sales, forcing investors to unwind some of their large short yen trades against the dollar and quickly cascading into other currencies.
PREVIOUS DAY ACTIVITY
For the day the Dow is trading at 23,346.24 up with +0.081% percent or +18.78 point. The S&P 500 is trading at 2,510.03 up with +0.13% percent or +3.18 point. The Nasdaq Composite is trading at 6,665.94 up with +0.46% percent or +30.66 point.
Other leading market index closes included the small-cap Russell 2000 Index closed at 1,355.91 up with +0.54% percent or +7.35 point; the S&P 600 Small-Cap Index closed at 848.33 up with +0.40%percent or +3.39 point; the S&P 400 Mid-Cap Index closed at 1,657.93 with a loss of -0.31% percent or -5.11 point; the S&P 100 Index closed at 1,118.14 up with +0.38% percent or +4.27 point; the Russell 3000 Index closed at 1,473.66 up with +0.10% percent or +1.53 point; the Russell 1000 Index closed at 1,385.23 up with +0.070% percent or +0.97 point;