{"id":143065,"date":"2019-03-06T06:32:14","date_gmt":"2019-03-06T11:32:14","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=143065"},"modified":"2019-03-06T06:32:14","modified_gmt":"2019-03-06T11:32:14","slug":"us-stock-market-slips-on-mixed-data","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/03\/us-stock-market-slips-on-mixed-data\/","title":{"rendered":"US stock market slips on mixed data"},"content":{"rendered":"
March 6, 2019<\/div>
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By IFCMarkets<\/a><\/p>\n

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Dollar strengthens as services expansion accelerates<\/h2>\n<\/div>\n<\/div>\n

US stock market <\/b> added to previous session losses on Tuesday as mixed economic data did little to boost market sentiment. The S&P 500 <\/em> lost 0.1% to 2789.65. Dow Jones <\/em> slid 0.05% to 25806.63. The Nasdaq <\/a> slipped 0.02% to 7576.36. The dollar strengthening accelerated as the Institute for Supply Management\u2019s nonmanufacturing index showed US services sector expanded at a faster pace in February while new home sales declined in December. 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 0.3% to 96.885 and is higher currently. Futures on US stock indexes point to lower openings today.<\/p>\n

\"SP500<\/p>\n

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FTSE 100 outperforms European Indices<\/h2>\n<\/div>\n<\/div>\n

European stocks <\/b> advance continued at roughly previous session pace on Tuesday led by bank shares. Both the EUR\/USD <\/em> and GBP\/USD <\/em> continued falling and are lower currently. The Stoxx Europe 600 gained 0.2%. The German DAX 30 <\/a> rose 0.2% to 11620.74, France\u2019s CAC 40<\/em> added 0.2% and UK\u2019s FTSE 100 <\/em> advanced 0.7% to 7183.43.<\/p>\n

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Shanghai Composite still leader among Asian indices<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b> are mostly higher today. Nikkei <\/em> slumped 0.6% to 21596.81 while yen resumed its climb against the dollar. Chinese stocks are extending gains on further stimulus hopes after Premier Li Keqiang pledged to increase deficit spending, cut taxes, lower fees for businesses and boost bank lending by 30% to small and private companies. The Shanghai Composite Index <\/em> is up 1.6% and Hong Kong\u2019s Hang Seng index <\/em> is 0.2% higher. Australia\u2019s All Ordinaries Index gained 0.7% erasing all of previous session losses as the Australian dollar accelerated its slide against the greenback as GDP report indicated Australia\u2019s economic growth slowed to just 0.2% in the fourth quarter.<\/p>\n

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Brent <\/a> down<\/h2>\n<\/div>\n<\/div>\n

Brent futures prices <\/b> turned lower today after Chevron and Exxon Mobil forecast higher shale oil production. The American Petroleum Institute late Tuesday report indicated US crude inventories rose by 7.3 million barrels last week while gasoline inventories fell. Prices ended marginally higher yesterday. May Brent added 0.3% to $65.86 a barrel on Tuesday. Today at 16:30 CET the Energy Information Administration will release US Crude Oil Inventories.<\/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 strengthens as services expansion accelerates US stock market added to previous session losses on Tuesday as mixed economic data did little to boost market sentiment. The S&P 500 lost 0.1% to 2789.65. Dow Jones slid 0.05% to 25806.63. The Nasdaq slipped 0.02% to 7576.36. The dollar strengthening accelerated as the Institute for […]<\/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-143065","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/143065","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=143065"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/143065\/revisions"}],"predecessor-version":[{"id":143073,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/143065\/revisions\/143073"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=143065"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=143065"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=143065"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}