{"id":134845,"date":"2018-10-03T06:19:21","date_gmt":"2018-10-03T10:19:21","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=134845"},"modified":"2018-10-03T06:19:21","modified_gmt":"2018-10-03T10:19:21","slug":"dow-closes-at-record-high-while-sp500-slips","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/10\/dow-closes-at-record-high-while-sp500-slips\/","title":{"rendered":"Dow closes at record high while SP500 slips"},"content":{"rendered":"
October 3, 2018<\/div>
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By IFCMarkets<\/a><\/p>\n

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Dollar strengthens while vehicle sales drop<\/h2>\n<\/div>\n<\/div>\n

US equities\u00a0<\/b>ended marginally lower on Tuesday while the\u00a0Dow Jones\u00a0<\/em>closed at new record high. The\u00a0S&P 500\u00a0<\/em>slipped 0.04% to 2923.43.\u00a0Dow Jones\u00a0<\/em>industrials logged the fourth consecutive gain rising 0.5% to 26773.94, the fourteenth record close of 2018 . The\u00a0Nasdaq\u00a0<\/a>composite index slid 0.5% to 7999.55. The dollar strengthening accelerated despite report US new vehicle sales fell in September compared to the same period a year ago: 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, gained 0.2% to 95.465 but is lower currently. Futures on stock indices point to higher openings today.<\/p>\n

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News Italy\u2019s deficit would fall faster buoys euro<\/h2>\n<\/div>\n<\/div>\n

European stocks\u00a0<\/b>pulled back on Tuesday led by Greek and Italian shares on euro-zone fiscal policy and budgetary concerns. The\u00a0GBP\/USD\u00a0<\/em>joined the\u00a0EUR\/USD\u2019s\u00a0<\/em>slide which was dragged further by a comment from the ruling Lega party lawmaker Italy might be better off outside euro-zone. The Stoxx Europe 600 lost 0.5%. The German\u00a0DAX 30\u00a0<\/a>slid 0.4% to 12287.58. France\u2019s\u00a0CAC 40<\/em>\u00a0dropped 0.7% and UK\u2019s\u00a0FTSE 100\u00a0<\/em>slipped 0.3% to 7474.55. Markets opened flat to 0.3% higher today.<\/p>\n

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Euro got a support from Prime Minister Giuseppe Conte reaffirming the country\u2019s commitment to the euro, and fresh reports said Italy will cut its budget deficit at a faster pace than expected, reducing the deficit to 2% of gross domestic product by 2020 from the earlier announced 2.4%. Data showing the UK construction sector grew at the slowest pace in six months weighed on the Pound. UK Prime Minister May is due to speak at the Conservative party conference today.<\/p>\n<\/div>\n<\/div>\n

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NIKKEI lower on automaker shares declines<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b>\u00a0are mixed today in lower volume trading with markets in China closed till October 8 for National Day holidays.\u00a0Nikkei\u00a0<\/em>ended 0.7% lower at 24110.96 led by automaker shares despite resumed yen slide against the dollar. Hong Kong\u2019s\u00a0Hang Seng index\u00a0<\/em>is 0.2% lower. Australia\u2019s All Ordinaries Index rebounded 0.3% helped by mining shares\u2019 gains as gold prices hit two-week high and Australian dollar continued its slide against the greenback.<\/p>\n

\"AU200<\/p>\n

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Brent\u00a0<\/a>edges up<\/h2>\n<\/div>\n<\/div>\n

Brent futures prices\u00a0<\/b>rally continues today. Prices slid yesterday as traders anticipated an increase in domestic crude stock with refineries down for seasonal maintenance. The American Petroleum Institute reported late Tuesday that US crude inventories rose by 907 thousand barrels to 400.9 million last week, the second straight increase. Prices ended lower yesterday: December Brent fell 0.2% to $84.80 a barrel Tuesday. Today at 16:30 CET the Energy Information Administration will release US Crude Oil Inventories.<\/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 strengthens while vehicle sales drop US equities\u00a0ended marginally lower on Tuesday while the\u00a0Dow Jones\u00a0closed at new record high. The\u00a0S&P 500\u00a0slipped 0.04% to 2923.43.\u00a0Dow Jones\u00a0industrials logged the fourth consecutive gain rising 0.5% to 26773.94, the fourteenth record close of 2018 . The\u00a0Nasdaq\u00a0composite index slid 0.5% to 7999.55. The dollar strengthening accelerated despite report […]<\/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-134845","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/134845","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=134845"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/134845\/revisions"}],"predecessor-version":[{"id":134847,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/134845\/revisions\/134847"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=134845"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=134845"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=134845"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}