{"id":135726,"date":"2018-10-19T06:52:16","date_gmt":"2018-10-19T10:52:16","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=135726"},"modified":"2018-10-19T06:52:16","modified_gmt":"2018-10-19T10:52:16","slug":"us-stock-market-extends-losses","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/10\/us-stock-market-extends-losses\/","title":{"rendered":"US stock market extends losses"},"content":{"rendered":"
October 19, 2018<\/div>
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By IFCMarkets<\/a><\/p>\n

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Dollar strengthening slows<\/h2>\n<\/div>\n<\/div>\n

US stocks\u00a0<\/b>pullback deepened on Thursday as prospect of continued tightening weighed on market sentiment after hawkish Fed minutes. The\u00a0S&P 500\u00a0<\/em>dropped 1.4% to 2768.78.\u00a0Dow Jones\u00a0<\/em>industrial average fell 1.3% to 25379.45. The\u00a0Nasdaq<\/a>composite lost 2.1% to 7485.14. The dollar strengthening slowed as initial jobless claims fell to 49-year lows while the Philadelphia Fed manufacturing index for October came in slightly below last month\u2019s reading: 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 0.3% to 95.919 but is lower currently. Futures on stock indices point to higher openings today.<\/p>\n

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

European stocks\u00a0<\/b>extended losses on Thursday despite positive earnings reports. Both the\u00a0EUR\/USD\u00a0<\/em>and\u00a0GBP\/USD<\/em>continued falling, with\u00a0GBP\/USD\u00a0<\/em>rising currently while\u00a0EUR\/USD\u00a0<\/em>still lower. The Stoxx Europe 600 index lost 0.5%. Germany\u2019s\u00a0DAX 30\u00a0<\/a>dropped 1.1% to 11589.21. France\u2019s\u00a0CAC 40\u00a0<\/em>slid 0.6% and UK\u2019s\u00a0FTSE 100\u00a0<\/em>slipped 0.4% to 7026.99. Markets opened mixed today.<\/p>\n

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Chinese stocks rebound<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b>\u00a0are mixed today as Chinese stocks rallied paring earlier losses after lower than expected GDP growth. China\u2019s gross domestic product grew 6.5% in the third quarter from the same quarter a year earlier when a 6.6% growth was expected: the\u00a0Shanghai Composite Index\u00a0<\/em>is 2.6% higher and Hong Kong\u2019s\u00a0Hang Seng Index\u00a0<\/em>is up 0.5%.\u00a0Nikkei\u00a0<\/em>however lost 0.6% to 22532.08 despite resumed yen weakness against the dollar. Australia\u2019s All Ordinaries Index slipped 0.1% while Australian dollar turned higher against the greenback.<\/p>\n

\"NIKKEI<\/p>\n

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

Brent futures prices\u00a0<\/b>are gaining today on expected rise in Chinese demand for crude as state-owned Chinese refiners return to service after maintenance. Prices ended lower yesterday after a report US domestic crude inventories rose sharply last week \u2013 6.5 million barrels. Brent for December settlement closed 1% lower at $79.29 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 Dollar strengthening slows US stocks\u00a0pullback deepened on Thursday as prospect of continued tightening weighed on market sentiment after hawkish Fed minutes. The\u00a0S&P 500\u00a0dropped 1.4% to 2768.78.\u00a0Dow Jones\u00a0industrial average fell 1.3% to 25379.45. The\u00a0Nasdaqcomposite lost 2.1% to 7485.14. The dollar strengthening slowed as initial jobless claims fell to 49-year lows while the Philadelphia Fed […]<\/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-135726","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/135726","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=135726"}],"version-history":[{"count":3,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/135726\/revisions"}],"predecessor-version":[{"id":135731,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/135726\/revisions\/135731"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=135726"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=135726"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=135726"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}