Dollar Index Update as on 08 Jan 2020

The U.S. Dollar Index is trading at 97.08 up with +0.07% percent or +0.07 point.The Dow Futures is trading at 28,478.50  with a loss of -0.17% percent or -47.50 point. The S&P 500 Futures is trading at 3,237.12  up with +0.06% percent or +1.87 point.The Nasdaq Futures is trading at 8,854.38 up with +0.02% percent or +1.38 point.

TODAY’S FACTORS AND EVENTS

Oil prices fell about 1% on Tuesday, surrendering some recent gains as investors reconsidered the likelihood of immediate supply disruptions in the Middle East after the United States killed a top Iranian military commander last week.

Brent crude fell 70 cents, or 1%, to trade at $68.21 per barrel. U.S. West Texas Intermediate crude shed 57 cents, or 0.9%, to settle at $62.70 per barrel.

Prices surged during the previous two sessions on fears of escalating conflict and potential Middle East supply disruptions after a Jan. 3 Baghdad drone strike killed Qassem Soleimani, head of Iran’s elite Quds Force, and Iran vowed revenge. Brent reached its highest since September while WTI rose to its strongest since April.

PREVIOUS DAY ACTIVITY

For the day the Dow is trading at 28,583.68 with a loss of –0.42% percent or –119.70 point. The S&P 500 is trading at 3,237.18  with a loss of –0.28% percent or -9.10 point. The Nasdaq Composite is trading at 9,068.58  with a loss of –0.032% percent or -2.88 point.

WORLD MARKETS

Other leading market index closes included the small-cap Russell 2000 Index closed at 1,658.31 with a loss of -0.30%  percent or -4.95 point; the S&P 600 Small-Cap Index closed at 1,014.09  with a loss of  –0.56% percent or −5.67 point; the S&P 400 Mid-Cap Index closed at 2,049.34 with a loss of –0.23% percent or −4.82   point; the S&P 100 Index closed at 1,447.36  with a loss of –0.38% percent or -45 point; the Russell 3000 Index closed at 1,896.01  with a loss of –0.26% percent or -4.89 point; the Russell 1000 Index closed at 1,788.77 with a loss of –0.25% or –4.57 point.

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