{"id":146780,"date":"2019-05-01T06:21:07","date_gmt":"2019-05-01T10:21:07","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=146780"},"modified":"2019-05-01T06:21:07","modified_gmt":"2019-05-01T10:21:07","slug":"sp500-sets-another-record-while-nasdaq-dips","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/05\/sp500-sets-another-record-while-nasdaq-dips\/","title":{"rendered":"SP500 sets another record while Nasdaq dips"},"content":{"rendered":"
May 1, 2019<\/div>
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By IFCMarkets<\/a><\/p>\n

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Fed expected to leave rates in 2.25-2.50 range<\/h2>\n<\/div>\n<\/div>\n

US stock market <\/b> ended mixed on Tuesday as investors awaited the conclusion of Fed\u2019s two-day meeting today. The S&P 500 <\/em> gained 0.1% to third straight all time high at 2945.83. Dow Jones <\/em> industrial rose 0.2% to 26592.91. The Nasdaq <\/a> however fell 0.7% to 8107.77 weighed by 7.7% drop in Google on disappointing revenue growth. The dollar weakening accelerated ahead of Fed\u2019s interest rate decision: the central bank is expected to keep rates on hold despite President Trump\u2019s call on Fed to cut rates by a full percentage point. 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, fell 0.3% to 97.52 and is lower currently. Futures on US stock indexes point to higher openings today.<\/p>\n

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FTSE 100 underperforms European indexes<\/h2>\n<\/div>\n<\/div>\n

European stocks <\/b> paused on Tuesday despite positive euro zone economic growth data. Both EUR\/USD <\/em> and GBP\/USD <\/em> continued climbing and are higher currently. The Stoxx Europe 600 ended flat, gaining 3.2% for the month. The German DAX 30 <\/a> edged up 0.1% to 12344.08, France\u2019s CAC 40<\/em> gained 0.1%. UK\u2019s FTSE 100 <\/em> however dipped 0.3%. Markets in Germany, France, Switzerland and Italy will stay closed for Labor Day holiday.<\/p>\n

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Australia\u2019s All Ordinaries Index gains while most markets are closed<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b> are mostly closed today for Labor Day holiday. Japan\u2019s markets are closed for a 10-day holiday, prince Naruhito was installed as emperor of Japan after his father abdicated. Australia\u2019s All Ordinaries Index rebounded 0.8% led by bank shares despite Australian dollar\u2019s turn higher against the greenback.<\/p>\n

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Brent <\/a> down on expected US crude stocks build<\/h2>\n<\/div>\n<\/div>\n

Brent futures prices <\/b> are edging lower today. The American Petroleum Institute late Tuesday report indicated US crude inventories rose by 6.8 million barrels last week while gasoline inventories fell by 1.1 million. Prices ended higher yesterday. July Brent rose 0.7% to $72.06 a barrel on Tuesday. Today at 16:30 CET the Energy Information Administration will release US Crude Oil Inventories.<\/p>\n

\"Brent<\/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 Fed expected to leave rates in 2.25-2.50 range US stock market ended mixed on Tuesday as investors awaited the conclusion of Fed\u2019s two-day meeting today. The S&P 500 gained 0.1% to third straight all time high at 2945.83. Dow Jones industrial rose 0.2% to 26592.91. The Nasdaq however fell 0.7% to 8107.77 weighed […]<\/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-146780","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/146780","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=146780"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/146780\/revisions"}],"predecessor-version":[{"id":146784,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/146780\/revisions\/146784"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=146780"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=146780"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=146780"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}