The U.S. Dollar Index is trading at 98.96 with a loss of -0.06% percent or -0.06 point.The Dow Futures is trading at 23,761.00 with a loss of -1.94% percent or -469.00 point. The S&P 500 Futures is trading at 2,841.75 with a loss of -2.09% percent or -60.75 point.The Nasdaq Futures is trading at 8,768.12 with a loss of -2.45% percent or -220.38 point.
TODAY’S FACTORS AND EVENTS
The dollar fell against the euro and jumped against the Japanese yen on Thursday as investors focused on month-end rebalancing of their portfolios.
The euro bounced and the yen fell sharply just before forex rates were set for the month at the end of the London session.
“It looks flow-driven,” said Erik Nelson, a macro strategist at Wells Fargo in New York, especially as other markets including bank stocks and euro zone bonds didn’t see similar moves. “Nothing has even come close to the move we’ve seen in the euro.”
The euro jumped 0.77% to $1.0957, the highest since April 15. The dollar gained 0.53% against the yen to 107.27.
PREVIOUS DAY ACTIVITY
For the day the Dow is trading at 24,345.72 with a loss of -1.17% percent or -288.14 point. The S&P 500 is trading at 2,912.43 with a loss of –0.92% percent or -27.08 point. The Nasdaq Composite is trading at 8,889.55 with a loss of -0.28% percent or -25.16 point.
Other leading market index closes included the small-cap Russell 2000 Index closed at 1,310.66 with a loss of –3.68% percent or -50.10 point; the S&P 600 Small-Cap Index closed at 771.11 with a loss of -3.97% percent or -31.85 point; the S&P 400 Mid-Cap Index closed at 1,646.36 with a loss of –3.06% percent or -51.90 point; the S&P 100 Index closed at 1,338.02 with a loss of –0.35% percent or -4.65 point; the Russell 3000 Index closed at 1,684.95 with a loss of –1.19% percent or -20.37 point; the Russell 1000 Index closed at 1,601.82 with a loss of -1.04% or -16.78 point.