The U.S. Dollar Index is trading at 97.11 up with +0.10% percent or +0.10 point. The Dow Futures is trading at 28,194.50 with a loss of -0.24% percent or -68.50 point. The S&P 500 Futures is trading at 3,193.62 with a loss of -0.15% percent or -4.88 point. The Nasdaq Futures is trading at 8,600.88 with a loss of -0.06% percent or -5.12 point.
TODAY’S FACTORS AND EVENTS
The British pound fell on Tuesday after reports UK Prime Minister Boris Johnson was seeking a hard line on Britain’s transition period after Brexit, while the Aussie dollar dropped on a downbeat tone from the nation’s central bank.
Sterling dropped as much as 0.7% to $1.3236, as its Friday’s 1-1/2-year peak of $1.3516 looked increasingly like a near-term peak following the massive relief rally after last week’s UK election.
The move dashes hopes Johnson would take a flexible approach to the end-2020 deadline for a trade deal with the EU after Britain leaves the bloc, which now looks almost certain to happen on Jan. 31 following the landslide Conservative election win.
PREVIOUS DAY ACTIVITY
For the day the Dow is trading at 28,235.89 up with +0.36% percent or +100.51 point. The S&P 500 is trading at 3,191.45 up with +0.71% percent or +22.65 point. The Nasdaq Composite is trading at 8,814.23 up with +0.91% percent or +79.35 point.
Other leading market index closes included the small-cap Russell 2000 Index closed at 1,649.94 up with +0.73% percent or +11.96 point; the S&P 600 Small-Cap Index closed at 1,007.93 up with +0.51% percent or +5.14 point; the S&P 400 Mid-Cap Index closed at 2,038.46 up with +0.68% percent or +13.74 point; the S&P 100 Index closed at 1,423.85 up with +0.72% percent or +10.23 point; the Russell 3000 Index closed at 1,869.31 up with +0.73% percent or +13.56 point; the Russell 1000 Index closed at 1,762.45 up with +0.73% or +12.79 point.