{"id":108062,"date":"2017-06-26T07:31:37","date_gmt":"2017-06-26T11:31:37","guid":{"rendered":"http:\/\/countingpips.com\/?p=108062"},"modified":"2017-06-26T07:19:27","modified_gmt":"2017-06-26T11:19:27","slug":"energy-and-technology-stocks-lift-s-p-500-and-nasdaq","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2017\/06\/energy-and-technology-stocks-lift-s-p-500-and-nasdaq\/","title":{"rendered":"Energy and technology stocks lift S& P 500 and Nasdaq"},"content":{"rendered":"
June 26, 2017<\/div>
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By IFCMarkets<\/a><\/p>\n

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US broad market rebounds after three-session slide<\/h2>\n<\/div>\n<\/div>\n

US stocks <\/b>closed higher on Friday. The dollar weakened: the live dollar index<\/a> data show the ICE US Dollar index, a measure of the dollar\u2019s strength against a basket of six rival currencies, inched down 0.28% to 97.256. S&P 500<\/a> ended 0.2% higher at 2438.30 led by energy stocks. The Dow Jones <\/em>industrial average finished little changed at 21394.76. A preliminary reading on purchasing managers\u2019 indexes on manufacturing in June showed expansion continued in the sector while the index fell to 52.1, a nine-month low. Sales of new homes rebounded in May. The Nasdaq <\/em>composite index rose 0.5% closing at 6265.25.<\/p>\n

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European stocks lower on mixed data<\/h2>\n<\/div>\n<\/div>\n

European stock indices <\/b>slipped on Friday on mixed data. Both the euro <\/em>and British Pound <\/em>ended higher against the dollar. The Stoxx Europe 600 index closed down 0.2% as flash readings of purchasing managers\u2019 indexes for manufacturing and services in the euro-zone were lower for June. The DAX 30 <\/em>fell 0.5% to 12733.41. France\u2019s CAC 40 <\/em>ended 0.3% lower and UK\u2019s FTSE 100 <\/a>lost 0.2% to 7424.13. Indices opened 0.3% -0.6% higher today.<\/p>\n

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Asian stocks start week up<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b> are rising today. Nikkei <\/em>closed 0.1% higher at 20153.35 today as yen reversed four-day winning streak against the dollar. The Chinese stocks are higher as concerns about tightening liquidity following close regulatory scrutiny of major dealmakers Anbang and Dalian subsided: the Shanghai Composite Index <\/em>is up 0. 9%, and Hong Kong\u2019s Hang Seng <\/em>Index is 0.7% higher. Australia\u2019s All Ordinaries Index is up 0.1% supported by higher commodity stocks despite a stronger Australian dollar against the greenback.<\/p>\n

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Oil up despite rising US rig count<\/h2>\n<\/div>\n<\/div>\n

Oil futures prices <\/b>are higher today while traders are concerned about higher US oil production contributing to sustained global oversupply. despite OPEC led initiative including major producers like Russia to cut production to tighten the market. The US oil rig count rose by 11 last week, 23 weeks in a row. Prices ended higher on Friday: August Brent crude gained 0.7% settling at $45.57 a barrel on London\u2019s ICE Futures exchange. It lost 3.9% in the week.<\/p>\n

Market Analysis provided by IFCMarkets<\/a><\/p>

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Note:
\nThis overview has an informative and tutorial character and is published for free. All the data, included in the overview, are received from public sources, recognized as more or less reliable. Moreover, there is no guarantee that the indicated information is full and precise. Overviews are not updated. The whole information in each overview, including opinion, indicators, charts and anything else, is provided only for familiarization purposes and is not financial advice or \u0430 recommendation. The whole text and its any part, as well as the charts cannot be considered as an offer to make a deal with any asset. IFC Markets and its employees under any circumstances are not liable for any action taken by someone else during or after reading the overview.<\/p>\n","protected":false},"excerpt":{"rendered":"

By IFCMarkets US broad market rebounds after three-session slide US stocks closed higher on Friday. The dollar weakened: the live dollar index data show the ICE US Dollar index, a measure of the dollar\u2019s strength against a basket of six rival currencies, inched down 0.28% to 97.256. S&P 500 ended 0.2% higher at 2438.30 led […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-108062","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/108062","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=108062"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/108062\/revisions"}],"predecessor-version":[{"id":108079,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/108062\/revisions\/108079"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=108062"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=108062"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=108062"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}