{"id":146846,"date":"2019-05-02T06:53:46","date_gmt":"2019-05-02T10:53:46","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=146846"},"modified":"2019-05-02T06:53:46","modified_gmt":"2019-05-02T10:53:46","slug":"us-stocks-retreat-as-fed-stays-pat","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/05\/us-stocks-retreat-as-fed-stays-pat\/","title":{"rendered":"US stocks retreat as Fed stays pat"},"content":{"rendered":"
May 2, 2019<\/div>
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By IFCMarkets<\/a><\/p>\n

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Dollar strengthening resumed as rates kept in 2.25-2.50 range<\/h2>\n<\/div>\n<\/div>\n

US stock market <\/b> pulled back on Wednesday as Federal Reserve held policy steady. The S&P 500<\/a> fell 0.8% to 2923.73. The Dow Jones <\/em> industrial average lost 0.6% to 26430.14. Nasdaq <\/em> composite index slid 0.6% to 8049.64. The dollar strengthening resumed despite mixed data indicating Supply Management manufacturing index for April came in at 52.8%, below expectations while Markit\u2019s manufacturing purchasing managers index came in at 52.6, above forecasts: 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 0.1% to 97.62 and is higher currently. Futures on US stock indexes point to higher openings today.<\/p>\n

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Futures indicate lower openings for European indexes<\/h2>\n<\/div>\n<\/div>\n

European stocks <\/b> indicate lower openings today for markets which remained closed for Labor Day. The EUR\/USD <\/em> turned lower while GBP\/USD <\/em> continued climbing and both pairs are maintaining their dynamics currently. UK\u2019s FTSE 100 <\/em> lost 0.4% to 7385.26 on Wednesday.<\/p>\n

\"GB100<\/p>\n

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Australia\u2019s All Ordinaries Index down while Hang Seng climbs after reopening<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b> are mixed today. Japan\u2019s markets are closed and will reopen next Tuesday while yen resumed its slide against the dollar. Mainland China\u2019s markets are closed , Hong Kong\u2019s Hang Seng Index <\/em> is 0.8% higher. Australia\u2019s All Ordinaries Index pulled back 0.6% as Australian dollar turned higher against the greenback.<\/p>\n

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Brent <\/a> down after US crude inventories build<\/h2>\n<\/div>\n<\/div>\n

Brent futures prices <\/b> are inching lower today. Prices edged up yesterday despite the report US gasoline stocks rose above expected 9.9 million barrels while crude stockpiles rose by 0.9 million last week. July Brent crude added 0.2% to $72.18 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 strengthening resumed as rates kept in 2.25-2.50 range US stock market pulled back on Wednesday as Federal Reserve held policy steady. The S&P 500 fell 0.8% to 2923.73. The Dow Jones industrial average lost 0.6% to 26430.14. Nasdaq composite index slid 0.6% to 8049.64. The dollar strengthening resumed despite mixed data indicating […]<\/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-146846","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/146846","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=146846"}],"version-history":[{"count":3,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/146846\/revisions"}],"predecessor-version":[{"id":146849,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/146846\/revisions\/146849"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=146846"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=146846"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=146846"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}