The U.S. Dollar Index is trading at 100.29 up with +0.34% percent or +0.34 point.The Dow Futures is trading at 22,984.00 with a loss of -2.15% percent or -504.00 point. The S&P 500 Futures is trading at 2,758.38 with a loss of -1.71% percent or -48.12 point.The Nasdaq Futures is trading at 8,610.00 with a loss of -0.94% percent or -82.00 point.
TODAY’S FACTORS AND EVENTS
The U.S. dollar rose on Tuesday against most major currencies as investors sought a safe haven after a plunge in oil prices a day earlier.
U.S. crude oil futures plunged into negative territory for the first time on Monday, dragged by a supply glut and sagging demand due to the novel coronavirus pandemic though they managed to scrape back into positive territory early Tuesday.
Oil-linked currencies like the Norwegian crown and the Canadian dollar were the worst performing currencies on Tuesday, along with the Swedish crown, a currency very sensitive to global economic stability.
PREVIOUS DAY ACTIVITY
For the day the Dow is trading at 23,650.44 with a loss of –2.44% percent or –592.05 point. The S&P 500 is trading at 2,823.16 with a loss of –1.79% percent or –51.40 point. The Nasdaq Composite is trading at 8,560.73 with a loss of –1.03% percent or –89.41 point.
Other leading market index closes included the small-cap Russell 2000 Index closed at 1,213.35 with a loss of -1.28% percent or -15.75 point; the S&P 600 Small-Cap Index closed at 708.12 with 2.00% percent or -14.46 point; the S&P 400 Mid-Cap Index closed at 1,532.49 with a loss of –1.85% percent or -28.94 point; the S&P 100 Index closed at 1,299.38 with a loss of –1.61% percent or -21.30 point; the Russell 3000 Index closed at 1,625.07 with a loss of –1.70% percent or −28.09 point; the Russell 1000 Index closed at 1,548.71 with a loss of -1.72%or -27.17 point.