{"id":140016,"date":"2019-01-11T06:51:53","date_gmt":"2019-01-11T11:51:53","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=140016"},"modified":"2019-01-11T06:51:53","modified_gmt":"2019-01-11T11:51:53","slug":"sp-500-and-dow-exit-correction-territory","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/01\/sp-500-and-dow-exit-correction-territory\/","title":{"rendered":"S&P 500 and Dow exit correction territory"},"content":{"rendered":"
January 11, 2019<\/div>
\r\n<\/div><\/div>

By IFCMarkets<\/a><\/p>\n

\n
\n

Dollar strengthens on fewer jobless claims<\/h2>\n<\/div>\n<\/div>\n

US stock market <\/b> rose fifth straight session on Thursday as Fed chair Powell reiterated the central bank will be patient with interest rate hikes. The S&P 500 <\/em> rose 0.5% to 2596.64. The Dow Jones <\/em> industrial average gained 0.5% to 24001.92. Nasdaq <\/a> composite index added 0.4% to 6986.07. The dollar strengthened as new jobless claims fell more than expected to 216,000 last week: the live dollar index<\/a> data show the ICE US Dollar index, a measure of the dollar\u2019s strength against a basket of six rival currencies, rose 0.4% to 95.537 but is lower currently. Stock index futures indicate lower openings today.<\/p>\n

\n
\n

FTSE 100 leads European Index gains<\/h2>\n<\/div>\n<\/div>\n

European stock markets <\/b> added to previous session gains on Thursday. Both the GBP\/USD <\/em> and EUR\/USDs <\/em> turned lower but are rising currently. The Stoxx Europe 600 index gained 0.3%. Germany\u2019s DAX 30 <\/a> added 0.3% to 10921.59. France\u2019s CAC 40 <\/em> fared the worst sliding 0.2% and UK\u2019s FTSE 100 <\/em> ended 0.5% higher at 6942.87.<\/p>\n

\n
\n

Australian stocks fall despite better than expected sales data<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b> are mostly higher today. Nikkei <\/em> rose 1% to 20359.70 with yen little changed against the dollar. Chinese indices are higher buoyed by hopes of improving trade prospects after news China\u2019s top trade official, Vice Premier Liu He, will visit the US for more trade talks later this month. The Shanghai Composite Index <\/em> is up 0.7% and Hong Kong\u2019s Hang Seng Index <\/em> is 0.6% higher. Australia\u2019s All Ordinaries Index retraced lower 0.4% despite better than expected retail sales report as Australian dollar accelerated its climb against the greenback.<\/p>\n

\"HK50<\/p>\n

\n
\n

Brent <\/a> rally endures<\/h2>\n<\/div>\n<\/div>\n

Brent futures prices <\/b> are advancing today. Prices rose yesterday ninth consecutive session. Brent for March settlement closed 0.4% higher at $61.68 a barrel on Thursday.<\/p>\n

Market Analysis provided by IFCMarkets<\/a><\/p>

\r\n
\r\n

Free Reports:<\/p><\/div>\r\n

\r\n

<\/a>\r\n\t Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p>

\r\n
\r\n
\r\n

<\/a>\r\n\t Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p>

\r\n<\/div>\r\n

\r\n
<\/div>\n

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 on fewer jobless claims US stock market rose fifth straight session on Thursday as Fed chair Powell reiterated the central bank will be patient with interest rate hikes. The S&P 500 rose 0.5% to 2596.64. The Dow Jones industrial average gained 0.5% to 24001.92. Nasdaq composite index added 0.4% to 6986.07. […]<\/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-140016","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/140016","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=140016"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/140016\/revisions"}],"predecessor-version":[{"id":140020,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/140016\/revisions\/140020"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=140016"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=140016"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=140016"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}