{"id":133469,"date":"2018-09-10T06:30:25","date_gmt":"2018-09-10T10:30:25","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=133469"},"modified":"2018-09-10T06:30:25","modified_gmt":"2018-09-10T10:30:25","slug":"sp-500-nasdaq-log-4th-loss-in-a-row","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/09\/sp-500-nasdaq-log-4th-loss-in-a-row\/","title":{"rendered":"SP 500, Nasdaq log 4th loss in a row"},"content":{"rendered":"
September 10, 2018<\/div>
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By IFCMarkets<\/a><\/p>\n

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Dollar rebounds as wage growth accelerates<\/h2>\n<\/div>\n<\/div>\n

US stock market\u00a0<\/b>ended lower on Friday as President Trump indicated the US had drawn the tariff list for another $267 billion in Chinese goods in addition to tariffs on $200 billion ready to be implemented.\u00a0S&P 500<\/a>\u00a0lost 0.2% to 2901.52, closing 1% lower for the week.\u00a0Dow Jones\u00a0<\/em>industrial average declined 0.3% to 25916.54. The\u00a0Nasdaq\u00a0<\/em>slid 0.3% to 7902.54. The dollar strengthening resumed as strong August jobs report showed average wage gains accelerated to 2.9% over year in August from 2.7% in July: 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, jumped 0.4% to 95.365 and is higher currently. Futures on three main US stock point to higher openings today.<\/p>\n

\"Nd100<\/p>\n

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European indices open flat<\/h2>\n<\/div>\n<\/div>\n

European stocks\u00a0<\/b>edged higher on Friday. The\u00a0GBP\/USD<\/a>\u00a0joined the\u00a0EUR\/USD\u2019s\u00a0<\/em>accelerated slide but both pairs are higher currently. The Stoxx Europe 600 Index rose 0.1%, booking 2.2% drop for the week. The\u00a0DAX 30\u00a0<\/em>added less than 0.1% to 11.959.63. France\u2019s\u00a0CAC 40\u00a0<\/em>rose 0.2% but UK\u2019s\u00a0FTSE 100\u00a0<\/a>lost 0.6% to 7277.70. Indices opened flat today<\/p>\n

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

Asian stock indices<\/b>\u00a0are mixed today after President Trump\u2019s Friday tweet US had tariffs ready for additional $267 billion of Chinese exports besides the tariffs on $200 billion of Chinese exports it is poised to implement.\u00a0Nikkei\u00a0<\/em>rose 0.3% to 22373 as government reported Japan’s economy grew at an annualized pace 3.0% in the second quarter, better than the initial estimate of 1.9% and yen remained steady against the dollar. Chinese stocks are falling despite reports China consumer inflation accelerated to 6-month high: the\u00a0Shanghai Composite Index\u00a0<\/em>is down 1.2% and Hong Kong\u2019s\u00a0Hang Seng\u00a0<\/em>Index is 1.3% lower. Australia\u2019s All Ordinaries Index is down 0.03% as the Australian dollar turned higher against the greenback.<\/p>\n

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

Brent futures prices\u00a0<\/b>are extending gains today ahead of Iran sanctions. Prices rose Friday as oil field services firm Baker Hughes reported the number of US oil drilling rigs in operation fell by 2 to 860 last week: Brent for November settlement rose 0.4% to close at $76.83 a barrel Friday, losing 1% for the week.<\/p>\n

\nMarket 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 Dollar rebounds as wage growth accelerates US stock market\u00a0ended lower on Friday as President Trump indicated the US had drawn the tariff list for another $267 billion in Chinese goods in addition to tariffs on $200 billion ready to be implemented.\u00a0S&P 500\u00a0lost 0.2% to 2901.52, closing 1% lower for the week.\u00a0Dow Jones\u00a0industrial average […]<\/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-133469","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/133469","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=133469"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/133469\/revisions"}],"predecessor-version":[{"id":133473,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/133469\/revisions\/133473"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=133469"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=133469"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=133469"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}