The U.S. Dollar Index is trading at 98.05 up with +0.04% percent or +0.04 point. The Dow Futures is trading at 27,150.00 with a loss of -0.01% percent or -1.50 point. The S&P 500 Futures is trading at 3,023.88 with a loss of -0.02% percent or -0.62 point. The Nasdaq Futures is trading at 8,017.12 with a loss of -0.03% percent or -2.63 point.
TODAY’S FACTORS AND EVENTS
The dollar held near a two month-high on Monday ahead of what is expected to be the first U.S. interest rate cut since the financial crisis this week, while Britain’s rising Brexit uncertainty knocked the pound to a fresh 28-month low.
Most major currencies were keeping moves small ahead of Wednesday’s expected 25 basis point cut by the Federal Reserve, but there was at least some action to fill the void.
The pound saw another 0.3% swoon after Britain’s new foreign minister and former Brexit chief, Dominic Raab, told the European Union it needed to change its “stubborn” position to avoid a no-deal crunch in October.
PREVIOUS DAY ACTIVITY
For the day the Dow is trading at 27,192.45 up with +0.19% percent or +51.47 point. The S&P 500 is trading at 3,025.86 up with +0.74% percent or +22.19 point. The Nasdaq Composite is trading at 8,330.21 up with +1.11% percent or +91.67 point.
Other leading market index closes included the small-cap Russell 2000 Index closed at 1,578.97 up with +1.12% percent or +17.52 point; the S&P 600 Small-Cap Index closed at 962.51 up with +0.99% percent or +9.41 point; the S&P 400 Mid-Cap Index closed at 1,983.14 up with +0.93% percent or +18.31 point; the S&P 100 Index closed at 1,339.87 up with +0.89% percent or +11.84 point; the Russell 3000 Index closed at 1,779.48 up with +0.79% percent or +13.91 point; the Russell 1000 Index closed at 1,677.13 up with +0.76% or +12.72 point.