{"id":144563,"date":"2019-03-28T06:31:03","date_gmt":"2019-03-28T10:31:03","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=144563"},"modified":"2019-03-28T06:31:03","modified_gmt":"2019-03-28T10:31:03","slug":"us-stocks-pull-back-as-cautious-mood-endures","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/03\/us-stocks-pull-back-as-cautious-mood-endures\/","title":{"rendered":"US stocks pull back as cautious mood endures"},"content":{"rendered":"
March 28, 2019<\/div>
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By IFCMarkets<\/a><\/p>\n

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Dollar gains on trade deficit narrowing<\/h2>\n<\/div>\n<\/div>\n

US stock market <\/b> pulled back on Wednesday as bond yields continued falling while demand for safer government debt remained strong. The S&P 500<\/a> slid 0.5% to 2805.37. The Dow Jones <\/em> industrial average slipped 0.1% to 25625.59. Nasdaq <\/em> composite index fell 0.6% to 7643.38. The dollar strengthening persisted as US trade deficit narrowed in January to a five-month low of $51.1 billion after $59.9 billion 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, gained 0.2% to 96.96 but is lower currently. Futures on US stock indexes point to lower openings today.<\/p>\n

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Brexit vote still a drag on European Indices<\/h2>\n<\/div>\n<\/div>\n

European stocks <\/b> ended marginally higher on Wednesday. Both the EUR\/USD<\/em> and GBP\/USD <\/em> continued sliding but are currently higher. The Stoxx Europe 600 inched up 0.02%. Germany\u2019s DAX 30 <\/em> slipped 2.1 points to 11419.04, France\u2019s CAC 40<\/em> lost 0.1% and UK\u2019s FTSE 100 <\/em> slipped 0.02% to 7194.19 as British parliament voted on eight different Wednesday but none received the majority support.<\/p>\n

\"GB100<\/p>\n

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Nikkei leads Asian indices losses<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b> are still mixed today. Nikkei <\/em> lost 1.6% to 21033.76 as yen accelerated its climb against the dollar. China\u2019s stocks are mixed after US trade negotiators told progress had been made in trade talks with China in all areas under discussion: the Shanghai Composite Index <\/em> is down 0.9% while Hong Kong\u2019s Hang Seng Index <\/em> is 0.2% higher. Australia\u2019s All Ordinaries Index extended gains 0.7% despite the Australian dollar resumed gain against the greenback.<\/p>\n

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Brent <\/a> slide continues<\/h2>\n<\/div>\n<\/div>\n

Brent futures prices <\/b> are extending losses today. Prices fell yesterday after data showed US crude stockpiles rose by 2.8 million barrels last week with gasoline supplies dropping 2.9 million barrels. May Brent crude slid 0.2% to $67.83 a barrel on Wednesday.<\/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 gains on trade deficit narrowing US stock market pulled back on Wednesday as bond yields continued falling while demand for safer government debt remained strong. The S&P 500 slid 0.5% to 2805.37. The Dow Jones industrial average slipped 0.1% to 25625.59. Nasdaq composite index fell 0.6% to 7643.38. The dollar strengthening persisted […]<\/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-144563","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/144563","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=144563"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/144563\/revisions"}],"predecessor-version":[{"id":144571,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/144563\/revisions\/144571"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=144563"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=144563"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=144563"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}