The U.S. Dollar Index is trading at 97.32 up with +0.17% percent or +0.16 point.The Dow Futures is trading at 26,426.00 up with +2.11% percent or +546.00point. The S&P 500 Futures is trading at 3,053.38 up with +1.88% percent or +56.38 point.The Nasdaq Futures is trading at 8,753.62 up with +1.99% percent or +171.12 point.
TODAY’S FACTORS AND EVENTS
The dollar hovered near five-month lows versus the yen on Wednesday after the U.S. Federal Reserve’s emergency 50 basis point rate cut sparked more anxiety about the impact of the coronavirus and sent Treasury yields tumbling to record lows.
The greenback also traded near the lowest in almost two years against the Swiss franc as investors flocked to traditional safe havens as rate cuts were deemed insufficient to offset risks posed by the global spread of the coronavirus.
PREVIOUS DAY ACTIVITY
For the day the Dow is trading at 25,766.64 with a loss of –4.42% percent or –1,190.95 point. The S&P 500 is trading at 2,978.76 with a loss of –4.42% 8percent or –137.63 point. The Nasdaq Composite is trading at 8,566.48 with a loss of –4.61% percent or –414.29 point.
Other leading market index closes included the small-cap Russell 2000 Index closed at 1,486.08 with a loss of -2.13% percent or –-32.41 point; the S&P 600 Small-Cap Index closed at 888.60 with a loss of –2.12% percent or –19.29 point; the S&P 400 Mid-Cap Index closed at 1,835.19 with a loss of –2.15% percent or −40.28 point; the S&P 100 Index closed at 1,346.23 with a loss of –3.06% percent or –42.48 point; the Russell 3000 Index closed at 1,756.96 with a loss of –2.70% percent or –48.76 point; the Russell 1000 Index closed at 1,661.36 with a loss of –2.74% or –46.77 point.