The U.S. Dollar Index is trading at 97.59 up with +0.06% percent or +0.05 point.The Dow Futures is trading at 29,262.00 up with a +0.28% percent or +83.00 point. The S&P 500 Futures is trading at 3,331.62 up with +0.37% percent or +12.12 point.The Nasdaq Futures is trading at 9,131.38 with a loss of -0.47% percent or -43.12 point.
TODAY’S FACTORS AND EVENTS
The yuan dipped and the Australian dollar hit a six-week low on Wednesday as investors feared the outbreak of a new coronavirus in China could create more headaches for the Chinese economy, which is already slowing because of the U.S.-China trade war.
The virus, which causes a type of pneumonia, has spread to cities including Beijing and Shanghai as the number of patients in China more than tripled. More cases were also reported outside China, including the United States.
The yuan was steady after dipping earlier. It fell about 0.55% on Tuesday,its biggest decline in almost five months, in the onshore trade. It last stood at 6.9063 per dollar, almost flat on the day.
PREVIOUS DAY ACTIVITY
For the day the Dow is trading at 29,196.04 with a loss of –0.52% percent or –152.06 point. The S&P 500 is trading at 3,320.79 with a loss of –0.27% percent or -8.83 point. The Nasdaq Composite is trading at 9,370.81 with a loss of –0.19% percent or –18.14 point.
WORLD MARKETS
Other leading market index closes included the small-cap Russell 2000 Index closed at 1,685.90 with a loss of -0.81% percent or -13.74 point; the S&P 600 Small-Cap Index closed at 1,029.72 with a loss of –0.92% percent or −9.56 point; the S&P 400 Mid-Cap Index closed at 2,082.93 with a loss of –0.60% percent or -12.62 point; the S&P 100 Index closed at 1,485.68 with a loss of –0.26% percent or -3.94 point; the Russell 3000 Index closed at 1,944.33 with a loss of –0.28% percent or -5.54 point; the Russell 1000 Index closed at 1,835.45 with a loss of –0.25% or -4.56 point.