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Market Overview

US stock market pullback continued on Monday after disappointing Chinese data spurred global growth slowing concerns. The S&P 500 fell 0.5% to 2582.61. Dow Jones industrial slid 0.4% to 23909.84. The Nasdaq composite index dropped 0.9% to 6905.92. The dollar weakening resumed as US trade deficit with China soared to a record of $323.32 billion in 2018: the live dollar index data show the ICE US Dollar index, a measure of the dollar’s strength against a basket of six rival currencies, slipped 0.1% to 95.58 but is higher currently. Stock index futures point to higher openings today.

US stock market ended marginally lower on Friday. S&P 500 slipped 0.01% to 2596.23, closing 2.5% higher for the week. Dow Jones industrial average slid 0.02% to 23995.95. The Nasdaq lost 0.2% to 6971.48. The dollar strengthening slowed as data indicated inflation slowed to 1.9% in December from 2.2% in November: the live dollar index data show the ICE US Dollar index, a measure of the dollar’s strength against a basket of six rival currencies, rose 0.1% to 95.67 but is lower currently. Stock index futures point to lower openings today.

US stock market rose fifth straight session on Thursday as Fed chair Powell reiterated the central bank will be patient with interest rate hikes. The S&P 500 rose 0.5% to 2596.64. The Dow Jones industrial average gained 0.5% to 24001.92. Nasdaq composite index added 0.4% to 6986.07. The dollar strengthened as new jobless claims fell more than expected to 216,000 last week: the live dollar index data show the ICE US Dollar index, a measure of the dollar’s strength against a basket of six rival currencies, rose 0.4% to 95.537 but is lower currently. Stock index futures indicate lower openings today.

US stock market advanced fourth straight session on Wednesday as US-China talks wrapped by China pledging to buy “substantial” amount of US goods. The S&P 500 gained 0.4% to 2584.96. The Dow Jones industrial average advanced 0.4% to 23879.12. Nasdaq composite index rose 0.9% to 6957.08. The dollar weakened sharply after Fed minutes showed ‘many’ officials thought they could be ‘patient’ on interest rates going forward. The live dollar index data show the ICE US Dollar index, a measure of the dollar’s strength against a basket of six rival currencies, fell 0.8% to 95.136 but is higher currently. Stock index futures point to lower openings today.

US stock market ended higher third straight session on Tuesday lifted by investor optimism after reports that US and China 'narrow differences on trade'. The S&P 500 gained 1% to 2574.41. Dow Jones rose 1.1% to 23787.45. The Nasdaq climbed 1.1% to 6897. The dollar strengthened as data showed the number of new job openings still outnumbered unemployed Americans in November despite a decline from October. The live dollar index data show the ICE US Dollar index, a measure of the dollar’s strength against a basket of six rival currencies, rose 0.3% to 95.89 but is lower currently. Stock index futures indicate higher openings today.

US stock market advance continued on Monday after a sharp rebound Friday following Fed Powell’s dovish comments. The S&P 500 rose 0.7% to 2549.69. Dow Jones industrial added 0.4% to 23531.35. The Nasdaq composite index rallied 1.3% to 6823.47. The dollar weakening accelerated as the Institute for Supply Management’s non-manufacturing index declined to 57.6% in December from 60.7%, below an expected 58.7%: the live dollar index data show the ICE US Dollar index, a measure of the dollar’s strength against a basket of six rival currencies, fell 0.5% to 95.648 but is higher currently. Stock index futures point to higher openings today.

US stock market ended sharply higher on Friday buoyed by Fed chair Powell’s dovish comments and stronger than expected jobs report. S&P 500 rallied 3.4% to 2515, closing 2.0% higher for the week. Dow Jones industrial average rose 3.3% to 23291. The Nasdaq jumped 4.3% to 6671. The dollar weakening slowed as data indicated 312000 new jobs were created in December: the live dollar index data show the ICE US Dollar index, a measure of the dollar’s strength against a basket of six rival currencies, slipped 0.1% to 96.14 and is lower currently. Stock index futures indicate higher openings today.

US stock market gave back all its previous session gains on Thursday as investor confidence was undermined by Apple’s first downgrade of its quarterly revenue forecast in over fifteen years. The S&P 500 lost 2.5% to 2447.89. The Dow Jones industrial average tumbled 2.8% to 22686.22. Nasdaq composite index dropped 3% to 6463.50. The dollar weakening resumed as the Institute for Supply Management reported US manufacturing grew at the slowest pace in two years in December: the live dollar index data show the ICE US Dollar index, a measure of the dollar’s strength against a basket of six rival currencies, fell 0.4% to 96.26 and is lower currently. Stock index futures point to higher openings today.

US stock market advanced on the first trading day of 2019 in a volatile session on Wednesday while President Trump and Democrat leaders of Congress didn’t make a progress on budget disagreement over Wall financing that has resulted in partial government shutdown. The S&P 500 gained 0.1% to 2510.03. The Dow Jones industrial average added 0.1% to 23346.24. Nasdaq composite index rose 0.5% to 6665.94. The dollar weakening reversed despite data showed US Manufacturing Purchasing Manager’s Index came in at 53.8 for December instead of 53.9 as expected. The live dollar index data show the ICE US Dollar index, a measure of the dollar’s strength against a basket of six rival currencies, rose 0.1% to 96.67 but is lower currently. Stock index futures point to lower openings today.

US stock market rebounded on last trading day of 2018 on Monday lifted by optimism after President Trump tweet Saturday that he and Chinese leader Xi Jinping had made “big progress” in a telephone discussion about trade. The S&P 500 gained 0.9% to 2506.85. Dow Jones rose 1.2% to 23327.46. The Nasdaq added 0.8% to 6635.28. However S&P 500 lost 6.2% in 2018 and Dow fell 5.6%. The dollar weakened again as data showed Dallas Fed’s index of manufacturing activity turned negative in December. The live dollar index data show the ICE US Dollar index, a measure of the dollar’s strength against a basket of six rival currencies, fell 0.2% to 96.37 and is lower currently. Stock index futures point to lower openings today.

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