The U.S. Dollar Index is trading at 98.05 with a loss of –0.27% percent or -0.26 point. The Dow Futures is trading at 27,305.00 up with +0.39% percent or +107.00 point. The S&P 500 Futures is trading at 3,020.88 up with +0.30% percent or +9.13 point. The Nasdaq Futures is trading at 7,947.88 up with +0.33% percent or +26.38 point.
TODAY’S FACTORS AND EVENTS
The euro rocketed to a 17-day high against the dollar on Friday as German government bond yields surged on the back of investors thinking the European Central Bank was done stimulating the ailing euro zone economy after cutting rates on Thursday.
The revived bond purchases exceeded many expectations because they are set to run until “shortly before” the ECB raises interest rates. Given that markets do not expect rates to rise for nearly a decade, such a formulation suggests that purchases could go on for years, possibly through most of Christine Lagarde’s term leading the bank.
PREVIOUS DAY ACTIVITY
For the day the Dow is trading at 27,182.45 up with +0.17% percent or +45.41 point. The S&P 500 is trading at 3,009.57 up with +0.29% percent or +8.64 point. The Nasdaq Composite is trading at 8,194.47 up with +0.30% percent or +24.79 point.
Other leading market index closes included the small-cap Russell 2000 Index closed at 1,575.07 with a loss of – percent or –0.65 point; the S&P 600 Small-Cap Index closed at 974.43 with a loss of – percent or –0.56 point; the S&P 400 Mid-Cap Index closed at 1,962.36 with a loss of – percent or –1.75 point; the S&P 100 Index closed at 1,331.98 up with + percent or +4.11 point; the Russell 3000 Index closed at 1,765.32 up with + percent or +4.26 point; the Russell 1000 Index closed at 1,663.13 up with + or +4.34 point.