{"id":135202,"date":"2018-10-10T06:39:50","date_gmt":"2018-10-10T10:39:50","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=135202"},"modified":"2018-10-10T06:39:50","modified_gmt":"2018-10-10T10:39:50","slug":"sp500-logs-fourth-consecutive-decline-while-nasdaq-edges-up","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/10\/sp500-logs-fourth-consecutive-decline-while-nasdaq-edges-up\/","title":{"rendered":"SP500 logs fourth consecutive decline while Nasdaq edges up"},"content":{"rendered":"
October 10, 2018<\/div>
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By IFCMarkets<\/a><\/p>\n

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Dollar reverses course lower<\/h2>\n<\/div>\n<\/div>\n

US stock market\u00a0<\/b>retreat continued on Tuesday while the\u00a0Nasdaq\u00a0<\/em>edged higher as technology stocks recovered. The\u00a0S&P 500\u00a0<\/em>slipped 0.1% to 2880.34.\u00a0Dow Jones\u00a0<\/em>erased previous session gain ending 0.2% lower at 26430.57. The\u00a0Nasdaq<\/a>composite index added 0.03% to 7738.02. The dollar strengthening reversed as 10-year Treasury yields dipped after hitting a fresh 7-year high above 3.25%: 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, lost 0.1% to 95.663 and is lower currently. Futures on stock indices indicate mixed openings today.<\/p>\n

\"Nd100<\/p>\n

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

European stocks\u00a0<\/b>rebounded on Tuesday as Italian bond yields rise paused after Economy Minister Giovanni Tria said “the government will do what it needs to do, as (European Central Bank president) Draghi did” if risks of financial crisis due to Italy\u2019s high budget deficit increased. The\u00a0GBP\/USD\u00a0<\/em>turned higher on reports EU and UK negotiators moved closer to Brexit deal. The\u00a0EUR\/USD\u00a0<\/em>ended flat. Both pairs are rising currently. The Stoxx Europe 600 added 0.2%. The German\u00a0DAX 30\u00a0<\/a>rose 0.3% to 11977.22. France\u2019s\u00a0CAC 40<\/em>\u00a0advanced 0.4% and UK\u2019s\u00a0FTSE 100\u00a0<\/em>gained 0.1% to 7237.59. Markets opened lower today.<\/p>\n

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

Asian stock indices<\/b>\u00a0are higher today.\u00a0Nikkei\u00a0<\/em>ended 0.2% higher at 23506.04 helped by resumed yen slide against the dollar. Chinese stocks are higher despite Presient Trump\u2019s repeated threat to impose tariffs on additional $267 billion worth of Chinese imports if Beijing retaliates to last month\u2019s tariffs on nearly $200 billion of imports from China: the\u00a0Shanghai Composite Index\u00a0<\/em>is up 0.2% and Hong Kong\u2019s\u00a0Hang Seng index\u00a0<\/em>is 0.5% higher. Australia\u2019s All Ordinaries Index rebounded 0.1% despite Australian dollar continued slide against the greenback.<\/p>\n

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

Brent futures prices\u00a0<\/b>rebound continues today. Prices advanced yesterday on signs global supply tightened ahead of US sanctions on Iran: Iran exported only 1.1 million barrels a day of crude in the first week of October, after 1.6 million barrels a day in September. Prices ended higher yesterday: December Brent rose 1.3% to $85 a barrel Tuesday.<\/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 reverses course lower US stock market\u00a0retreat continued on Tuesday while the\u00a0Nasdaq\u00a0edged higher as technology stocks recovered. The\u00a0S&P 500\u00a0slipped 0.1% to 2880.34.\u00a0Dow Jones\u00a0erased previous session gain ending 0.2% lower at 26430.57. The\u00a0Nasdaqcomposite index added 0.03% to 7738.02. The dollar strengthening reversed as 10-year Treasury yields dipped after hitting a fresh 7-year high above […]<\/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-135202","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/135202","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=135202"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/135202\/revisions"}],"predecessor-version":[{"id":135206,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/135202\/revisions\/135206"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=135202"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=135202"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=135202"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}