The U.S. Dollar Index is trading at 96.02 with a loss of -0.83% percent or –0.81 point.The Dow Futures is trading at 25,506.50 with a loss of -2.12% percent or -553.50 point. The S&P 500 Futures is trading at 2,942.12 with a loss of -2.43% percent or –73.38 point.The Nasdaq Futures is trading at 8,423.25 with a loss of –2.61% percent or -225.50point.
TODAY’S FACTORS AND EVENTS
The dollar nursed savage losses against the yen and euro on Friday as a plunge in U.S. yields to record lows wiped out the currency’s single greatest attraction for investors — higher interest rates.
Mounting fears over the fallout from the coronavirus has driven a truly tectonic shift in expectations for U.S. rates as markets wager the Federal Reserve will have to cut rates by 50 basis points for a second time this month.
PREVIOUS DAY ACTIVITY
For the day the Dow is trading at 26,121.28 with a loss of –3.58% percent or –969.58 point. The S&P 500 is trading at 3,023.94 with a loss of –3.39%percent or –106.18 point. The Nasdaq Composite is trading at 8,738.60 with a loss of –3.10% percent or –279.49 point.
Other leading market index closes included the small-cap Russell 2000 Index closed at 1,478.82 with a loss of –3.42% percent or –52.37 point; the S&P 600 Small-Cap Index closed at 883.67 with a loss of –3.58% percent or -32.80 point; the S&P 400 Mid-Cap Index closed at 1,830.62 with a loss of –3.63% percent or -69.04 point; the S&P 100 Index closed at 1,356.10 with a loss of –3.32%percent or -46.62 point; the Russell 3000 Index closed at 1,766.37 with a loss of –3.38% percent or –61.76 point; the Russell 1000 Index closed at 1,671.40 with a loss of –3.38% or -58.39 point.