The U.S. Dollar Index is trading at 98.30 with a loss of -0.02% percent or -0.02 point. The Dow Futures is trading at 28,036.50 with a loss of -0.01% percent or -2.50 point. The S&P 500 Futures is trading at 3,132.38 with a loss of -0.01% percent or -0.37 point. The Nasdaq Futures is trading at 8,377.25 up with +0.01% percent or +0.75 point.
TODAY’S FACTORS AND EVENTS
The dollar rose as high as 109.205 yen, its strongest in two weeks, before settling back at 109.01 yen to show a gain of 0.1% from the previous close.
The yuan also rose to 7.240 to the dollar, about 0.15% higher than the previous close.
“It wasn’t like they agreed to the phase one deal. They just agreed to continue their talk. So some people appeared to have been caught in long position a bit too much,” said Shingo Sato, director of forex at MUFG Bank.
“Still, the bottom line is, we just had additional support to back up optimism since last week on the trade deal,” he said.
PREVIOUS DAY ACTIVITY
For the day the Dow is trading at 28,066.47 up with +0.68% percent or +190.85 point. The S&P 500 is trading at 3,133.64 up with +0.75% percent or +23.35 point. The Nasdaq Composite is trading at 8,632.49 up with +1.32% percent or +112.60 point.
Other leading market index closes included the small-cap Russell 2000 Index closed at 1,621.90 up with +2.07% percent or +32.96 point; the S&P 600 Small-Cap Index closed at 995.86 with +2.44% percent or +23.73 point; the S&P 400 Mid-Cap Index closed at 2,009.70 up with +1.20% percent or +23.83 point; the S&P 100 Index closed at 1,395.00 up with +0.74% percent or +10.19 point; the Russell 3000 Index closed at 1,837.92 up with +0.87% percent or +15.93 point; the Russell 1000 Index closed at 1,732.87 up with +0.79% or +13.61 point.