The U.S. Dollar Index is trading at 99.53 up with +0.65% percent or +0.64 point.The Dow Futures is trading at 23,526.00 with a loss of -1.48% percent or -354.00 point. The S&P 500 Futures is trading at 2,794.38 with a loss of -1.71% percent or -48.62 point.The Nasdaq Futures is trading at 8,607.50 with a loss of -0.98% percent or -85.00 point.
TODAY’S FACTORS AND EVENTS
The dollar rebounded on Wednesday amid growing concerns that the damage to the global economy from the coronavirus pandemic will be long and protracted, boosting the safe-haven appeal of the greenback.
A fall in oil prices on expectations that production cuts by OPEC may not be enough to support crude during a global demand crunch also weakened riskier currencies, with the oil-exposed Norwegian crown and Canadian dollar down sharply.
PREVIOUS DAY ACTIVITY
For the day the Dow is trading at 23,949.76 up with 2.39% percent or +558.99 point. The S&P 500 is trading at 2,846.06 up with +3.06% percent or +84.43 point. The Nasdaq Composite is trading at 8,515.74 up with +3.95% percent or +323.32 point.
Other leading market index closes included the small-cap Russell 2000 Index closed at 1,237.33 up with +2.09% percent or +25.29 point; the S&P 600 Small-Cap Index closed at 731.10 up with +1.77% percent or +12.75 point; the S&P 400 Mid-Cap Index closed at 1,570.52 up with +2.15% percent or +33.05 point; the S&P 100 Index closed at 1,307.09 up with +3.21% percent or +40.62 point; the Russell 3000 Index closed at 1,637.83 up with +2.99% percent or +47.52 point; the Russell 1000 Index closed at 1,559.79 p with +3.04% or +46.05 point.