{"id":114994,"date":"2017-10-19T06:50:19","date_gmt":"2017-10-19T10:50:19","guid":{"rendered":"http:\/\/countingpips.com\/?p=114994"},"modified":"2018-06-01T15:55:31","modified_gmt":"2018-06-01T15:55:31","slug":"all-three-main-us-stock-indices-log-fresh-records","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2017\/10\/all-three-main-us-stock-indices-log-fresh-records\/","title":{"rendered":"All three main US stock indices log fresh records"},"content":{"rendered":"
October 19, 2017<\/div>
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By IFCMarkets<\/a><\/p>\n

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Dow closes above 23000<\/h2>\n<\/div>\n<\/div>\n

US stock indices<\/b>\u00a0closed at fresh record highs on Wednesday as corporate reports kept beating expectations. The dollar weakened: the\u00a0live dollar index<\/a>\u00a0data show the ICE US Dollar index, a measure of the dollar\u2019s strength against a basket of six rival currencies, slipped 0.1% to 93.407. The\u00a0S&P 500<\/a>\u00a0added 0.1% settling at a record 2561.26. The\u00a0Dow Jones\u00a0<\/em>industrial average rose 0.2% to new record high 23157.60 led by 8.9% jump in IBM a day after it posted better than expected quarterly results.\u00a0Nasdaq\u00a0<\/em>composite ended fractionally higher at fresh record high 6624.22.<\/p>\n

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Better than expected corporate earnings support the rally while Fed\u2019s Beige Book report showed that economic growth has ranged from modest to moderate with no signs of accelerating inflation.<\/p>\n

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European markets recover<\/h2>\n<\/div>\n<\/div>\n

European stocks\u00a0<\/b>resumed advances on Wednesday on euro weakness during the session. Both the\u00a0euro\u00a0<\/em>and\u00a0British Pound\u00a0<\/em>ended higher against the dollar. The Stoxx Europe 600 index added 0.3% reversing previous session loss. Germany\u2019s\u00a0DAX 30\u00a0<\/em>rose 0.4% to 13043.03. France\u2019s\u00a0CAC 40\u00a0<\/a>gained 0.4% and UK\u2019s\u00a0FTSE 100\u00a0<\/em>climbed 0.4% to 7542.87. Indices opened lower today.<\/p>\n

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Pound ended higher against the dollar despite losses after report UK workers\u2019 inflation adjusted wages fell 0.4% in August, the sixth consecutive monthly decline.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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Asian indices mixed as China growth slows<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b>\u00a0are mixed today after report China\u2019s third quarter GDP slowed to 6.8% from 6.9% growth in second quarter.\u00a0Nikkei\u00a0<\/em>rose 0.4% to 21448.52 supported by continued yen weakness against the dollar and data showing Japanese exports rose for the 10th straight month in September. Chinese stocks are mixed: the\u00a0Shanghai Composite Index\u00a0<\/em>is 0.5% lower while Hong Kong\u2019s\u00a0Hang Seng Index\u00a0<\/em>is down 0.6%. Australia\u2019s All Ordinaries Index added 0.1% despite stronger Australian dollar against the greenback.<\/p>\n

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Oil slips<\/h2>\n<\/div>\n<\/div>\n

Oil futures prices\u00a0<\/b>are edging lower today. Prices ended higher yesterday after US Energy Information Administration report domestic crude supplies fell by 5.7 million barrels last week. That was below the 7.1 million barrel decline reported by the American Petroleum Institute late Tuesday. Brent crude rose 0.5% to $58.15 a barrel on Wednesday.<\/p>\n

\"BRENT\"<\/p>\n

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

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<\/div>\n","protected":false},"excerpt":{"rendered":"

By IFCMarkets Dow closes above 23000 US stock indices\u00a0closed at fresh record highs on Wednesday as corporate reports kept beating expectations. The dollar weakened: the\u00a0live dollar index\u00a0data show the ICE US Dollar index, a measure of the dollar\u2019s strength against a basket of six rival currencies, slipped 0.1% to 93.407. The\u00a0S&P 500\u00a0added 0.1% settling at […]<\/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-114994","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/114994","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=114994"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/114994\/revisions"}],"predecessor-version":[{"id":115002,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/114994\/revisions\/115002"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=114994"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=114994"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=114994"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}