The U.S. Dollar Index is trading at 97.26 with a loss of -0.40% percent or -0.38 point. The Dow Futures is trading at 27,050.00 with a loss of -0.30% percent or -82.00 point. The S&P 500 Futures is trading at 3,038.88 with a loss of -0.29% percent or -8.87 point. The Nasdaq Futures is trading at 8,097.50 with a loss of -0.17% percent or -13.75 point.
TODAY’S FACTORS AND EVENTS
The euro gained on Thursday as the dollar weakened after the Federal Reserve on Wednesday cut interest rates for the third time this year and left open the question of whether it would cut them further.
The dollar was falling against most currencies, particularly the Chinese offshore yuan, which rose to an 11-week high.
The Fed lowered its benchmark rate by 25 basis points to a target range of 1.50% to 1.75%. But it dropped a reference in its policy statement that it would “act as appropriate” to sustain economic expansion — language considered a sign of future cuts.
PREVIOUS DAY ACTIVITY
For the day the Dow is trading at 27,186.69 up with +0.43% percent or +115.27 point. The S&P 500 is trading at 3,046.77 with 0.33% percent or +9.88 point. The Nasdaq Composite is trading at 8,303.98 with 0.33% percent or +27.12 point.
Other leading market index closes included the small-cap Russell 2000 Index closed at 1,572.85 with a loss of –0.27% percent or -4.23 point; the S&P 600 Small-Cap Index closed at 975.91 with a loss of –0.45% percent or –4.45 point; the S&P 400 Mid-Cap Index closed at 1,969.94 with a loss of –0.27% percent or -5.30 point; the S&P 100 Index closed at 1,351.83 up with +0.44% percent or +5.98 point; the Russell 3000 Index closed at 1,784.63 up with +0.28% percent or +5.01 point; the Russell 1000 Index closed at 1,682.79 up with +0.32% or +5.37 point.