{"id":147844,"date":"2019-05-17T06:30:04","date_gmt":"2019-05-17T10:30:04","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=147844"},"modified":"2019-05-17T05:37:41","modified_gmt":"2019-05-17T09:37:41","slug":"sp500-rises-third-straight-session","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/05\/sp500-rises-third-straight-session\/","title":{"rendered":"SP500 rises third straight session"},"content":{"rendered":"
May 17, 2019<\/div>
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By IFCMarkets<\/a><\/p>\n

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Dollar strengthening accelerates on strong housing and manufacturing data<\/h2>\n<\/div>\n<\/div>\n

US stock market <\/b> extended the rebound to third session in a row on Thursday on upbeat earnings reports of Walmart, Cisco. The S&P 500 <\/em> advanced 0.9% to 2876.32. The Dow Jones <\/em> industrial average gained 0.8% to 25862.68. Nasdaq <\/a> composite index rose 1% to 7898.05. The dollar accelerated strengthening on better than expected new home construction and Philadelphia Fed\u2019s manufacturing index report. 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 97.827 but is lower currently. Futures on US stock indexes point to lower openings today.<\/p>\n

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DAX 30 still ahead other European indices<\/h2>\n<\/div>\n<\/div>\n

European stocks <\/b> rally continued on Thursday. GBP\/USD <\/em> and EUR\/USD<\/em> continued sliding. Euro is higher currently while Pound is down against the dollar. The Stoxx Europe 600 index rose 1.2% led by chemicals shares. Germany\u2019s DAX 30 <\/a> jumped 1.8% to 12310.32. France\u2019s CAC 40 <\/em> advanced 1.4% and UK\u2019s FTSE 100 <\/em> gained 0.8% to 7353.51.<\/p>\n

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Shanghai Composite plunges on harsh Beijing rhetoric<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b> are mixed after vows by Beijing officials and media to never bow to US pressure as the trade war with the United States will only make China stronger. Nikkei <\/em> recovered 0.9% to 21250.09 despite resumed yen climb against the dollar notwithstanding Bank of Japan governor Kuroda\u2019s comment the BOJ may keep low rates well over year. Chinese shares are falling as Beijing vowed to promptly introduce countermeasures to US moves as needed to ensure that the economy operates within a reasonable range: the Shanghai Composite Index <\/em> is down 2.5% and Hong Kong\u2019s Hang Seng Index <\/em> is 1.3% lower. Australia\u2019s All Ordinaries Index extended gains 0.6% as Australian dollar slowed its decline against the greenback.<\/p>\n

\"HK50<\/p>\n

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

Brent futures prices <\/b> are little changed today. Prices extended gains yesterday on rising Middle East tensions: July Brent crude added 1.2% to $72.62 a barrel on Thursday.<\/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 accelerates on strong housing and manufacturing data US stock market extended the rebound to third session in a row on Thursday on upbeat earnings reports of Walmart, Cisco. The S&P 500 advanced 0.9% to 2876.32. The Dow Jones industrial average gained 0.8% to 25862.68. Nasdaq composite index rose 1% to 7898.05. […]<\/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-147844","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/147844","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=147844"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/147844\/revisions"}],"predecessor-version":[{"id":147846,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/147844\/revisions\/147846"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=147844"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=147844"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=147844"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}