{"id":115063,"date":"2017-10-20T06:59:20","date_gmt":"2017-10-20T10:59:20","guid":{"rendered":"http:\/\/countingpips.com\/?p=115063"},"modified":"2018-06-01T15:55:30","modified_gmt":"2018-06-01T15:55:30","slug":"us-equities-finish-at-records-on-1987-crash-anniversary","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2017\/10\/us-equities-finish-at-records-on-1987-crash-anniversary\/","title":{"rendered":"US equities finish at records on 1987 crash anniversary"},"content":{"rendered":"
October 20, 2017<\/div>
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By IFCMarkets<\/a><\/p>\n

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SP 500, Dow close at record highs<\/h2>\n<\/div>\n<\/div>\n

US stock indices<\/b>\u00a0managed to close higher on Thursday as the Senate approved a $4 trillion budget blueprint for the 2018 that will pave the way for Republicans to pursue a tax-cut overhaul without Democratic support. The dollar weakening accelerated on report that President Trump is leaning toward a dovish candidate Jerome Powell as the next chairman of the Federal Reserve: the\u00a0live dollar index<\/a>data show the ICE US Dollar index, a measure of the dollar\u2019s strength against a basket of six rival currencies, fell 0.3% to 93.158.\u00a0Dow Jones\u00a0<\/em>industrial average pared earlier losses and ended up less than 0.1% at all-time high 23163.04. The\u00a0S&P 500\u00a0<\/em>added 0.84 points settling at new record 2562.10 as gains in health care and utilities shares outweighed losses in consumer staples and technology shares. The\u00a0Nasdaq\u00a0<\/a>index extended losses 0.3% closing at 6605.07.<\/p>\n

\"DJI\"<\/p>\n

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European stocks retreat as political tensions rise in Spain<\/h2>\n<\/div>\n<\/div>\n

European stocks\u00a0<\/b>fell on Thursday as investors confidence was undermined by rising concerns about continued deadlock over Catalonia\u2019s independence referendum in Spain and lackluster Chinese growth report. The\u00a0euro\u00a0<\/em>extended gains against the dollar whileBritish Pound\u00a0<\/em>resumed the slide. The Stoxx Europe 600 index closed 0.6% lower led by consumer goods shares against the background of disappointing earnings reports. Germany\u2019s\u00a0DAX 30\u00a0<\/a>fell 0.4% to 12990.10. France\u2019s\u00a0CAC 40<\/em>\u00a0lost 0.3% and UK\u2019s\u00a0FTSE 100\u00a0<\/em>ended 0.3% lower at 7523.04. Indices opened 0.4%-0.5% higher today.<\/p>\n

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Asian markets advance<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b>\u00a0are higher today with market sentiment buoyed by advances on Wall Street overnight.\u00a0Nikkei\u00a0<\/em>ended 0.4% higher at 21457.64 as yen weakness resumed against the dollar. Chinese stocks are rising after previous day\u2019s slump following a report China\u2019s GDP rose 6.8% in third quarter, below the 6.9% growth in second quarter: the\u00a0Shanghai Composite Index\u00a0<\/em>is 0.3% higher and Hong Kong\u2019sHang Seng Index\u00a0<\/em>is up 1%. Australia\u2019s All Ordinaries Index is up 0.2% as the Australian dollar reversed most of previous session\u2019s gains against the greenback.<\/p>\n

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Oil edges higher<\/h2>\n<\/div>\n<\/div>\n

Oil futures prices\u00a0<\/b>are recovering today on sings of tightening global supplies and more balanced market. Prices fell yesterday on profit taking after four days of straight gains. Brent for December settlement lost 1.6% to end the session at $57.23 a barrel on ICE Futures Europe on Thursday.<\/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 SP 500, Dow close at record highs US stock indices\u00a0managed to close higher on Thursday as the Senate approved a $4 trillion budget blueprint for the 2018 that will pave the way for Republicans to pursue a tax-cut overhaul without Democratic support. The dollar weakening accelerated on report that President Trump is leaning […]<\/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-115063","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/115063","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=115063"}],"version-history":[{"count":3,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/115063\/revisions"}],"predecessor-version":[{"id":115071,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/115063\/revisions\/115071"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=115063"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=115063"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=115063"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}