{"id":126526,"date":"2018-05-11T06:15:03","date_gmt":"2018-05-11T10:15:03","guid":{"rendered":"http:\/\/countingpips.com\/?p=126526"},"modified":"2018-06-01T15:39:48","modified_gmt":"2018-06-01T15:39:48","slug":"technology-leads-sp-500-advance","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/05\/technology-leads-sp-500-advance\/","title":{"rendered":"Technology leads SP 500 advance"},"content":{"rendered":"
May 11, 2018<\/div>
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By IFCMarkets<\/a><\/p>\n

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Dow logs sixth straight gain<\/h2>\n<\/div>\n<\/div>\n

US stocks\u00a0<\/b>extended gains on Thursday led by technology shares as Apple closed at record high.\u00a0Dow Jones\u00a0<\/em>industrial average gained 0.8% to 24739.53, sixth consecutive gain. The\u00a0S&P 500\u00a0<\/em>rose 0.9% to 2723.07 with all 11 sectors finishing higher. The\u00a0Nasdaq\u00a0<\/a>composite advanced 0.9% to 7404.97. The dollar strengthening stopped : 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, fell 0.4% to 92.685 but is rising currently. Stock indices futures point to mixed openings today.<\/p>\n

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Technology stocks uptrend is intact with the sector up 7.7% in May. Lower than expected inflation also helped boost investor risk appetite by allaying concerns economy may be overheating: the consumer price index rose 0.2% on month in April when 0.3% increase was expected. The core CPI, which excludes volatile food and energy prices, rose 0.1%, slower than the 0.2% gain in March. Separately the number of people who applied for first-time US unemployment benefits remained at 211,000 for the second straight week, near a 49-year low.<\/p>\n<\/div>\n<\/div>\n

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European stocks pull back<\/h2>\n<\/div>\n<\/div>\n

European stocks\u00a0<\/b>retreated on Thursday. The\u00a0euro\u00a0<\/em>turned sharply higher against the dollar while the\u00a0British Pound<\/em>extended losses, with directions reversed currently. The Stoxx Europe 600 index lost 0.1%. Germany\u2019s\u00a0DAX 30\u00a0<\/a>rose 0.6% to 13022.87. France\u2019s\u00a0CAC 40\u00a0<\/em>added 0.2% and UK\u2019s\u00a0FTSE 100\u00a0<\/em>gained 0.5% to 7700.97. Markets opened mixed today.<\/p>\n

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Italian stocks fell on reports Italy\u2019s far-right League party and populist 5 Star Movement may form a new government. Such a coalition is seen as a euroskeptic alliance which would hurt prospects of the European Union and Italian economy. Pound continued the slide after the Bank of England kept rates on hold indicating it expects to raise its key interest rate in coming years depending on how the economy evolves.<\/p>\n<\/div>\n<\/div>\n

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

Asian stock indices<\/b>\u00a0are mixed today.\u00a0Nikkei\u00a0<\/em>rose 1.27% to 22758.48 with yen little changed against the dollar. Chinese stocks are mixed: the\u00a0Shanghai Composite Index\u00a0<\/em>is 0.4% lower while Hong Kong\u2019s\u00a0Hang Seng Index\u00a0<\/em>is up 0.9%. Australia\u2019s All Ordinaries Index is down 0.04% as Australian dollar extends its climb against the greenback.<\/p>\n

\"NIKKEI\"<\/p>\n

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Brent\u00a0<\/a>slides<\/h2>\n<\/div>\n<\/div>\n

Brent futures prices\u00a0<\/b>are edging lower today as traders consider which exporters could replace Iranian sources as US sanctions are reimposed in six months time. They ended higher yesterday: Brent for July settlement rose 0.3% to close at $77.47 a barrel 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 Dow logs sixth straight gain US stocks\u00a0extended gains on Thursday led by technology shares as Apple closed at record high.\u00a0Dow Jones\u00a0industrial average gained 0.8% to 24739.53, sixth consecutive gain. The\u00a0S&P 500\u00a0rose 0.9% to 2723.07 with all 11 sectors finishing higher. The\u00a0Nasdaq\u00a0composite advanced 0.9% to 7404.97. The dollar strengthening stopped : the\u00a0live dollar index\u00a0data […]<\/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-126526","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/126526","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=126526"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/126526\/revisions"}],"predecessor-version":[{"id":126532,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/126526\/revisions\/126532"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=126526"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=126526"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=126526"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}