The U.S. Dollar Index is trading at 97.30 with a loss of -0.05% percent or -0.05 point. The Dow Futures is trading at 27,012.00 up with +0.11% percent or +30.00 point. The S&P 500 Futures is trading at 3,039.62 up with +0.13% percent or +3.87 point. The Nasdaq Futures is trading at 8,104.38 up with +0.17% percent or +14.13 point.
TODAY’S FACTORS AND EVENTS
The euro held its gains against the dollar on Friday as investors sold the U.S. currency, expecting the United States will soon join the global economic slowdown.
The dollar and the Japanese yen, both seen as safe-haven investments, appreciated equally each time the United States looked deadlocked in its trade dispute with China.
But the dollar is losing that status, after poor U.S. economic data.
Investors do not share the Federal Reserve’s confidence in the economic outlook because of the risks posed by the trade war, which contributed to declines by the dollar and U.S. Treasury yields.
PREVIOUS DAY ACTIVITY
For the day the Dow is trading at 27,046.23 with a loss of –0.52% percent or –140.46 point. The S&P 500 is trading at 3,037.56 with a loss of –0.30% percent or –9.21 point. The Nasdaq Composite is trading at 8,292.36 with a loss of –0.14% percent or –11.62 point.
WORLD MARKETS
Other leading market index closes included the small-cap Russell 2000 Index closed at 1,562.45 with a loss of –0.66% percent or -10.40 point; the S&P 600 Small-Cap Index closed at 965.35 with a loss of –1.08% percent or -10.56 point; the S&P 400 Mid-Cap Index closed at 1,955.37 with a loss of –0.74% percent or -14.57 point; the S&P 100 Index closed at 1,349.76 with a loss of –0.15% percent or -2.07 point; the Russell 3000 Index closed at 1,778.20 with a loss of –0.36% percent or -6.43 point; the Russell 1000 Index closed at 1,677.08 with a loss of –0.34% or -5.71 point.