{"id":148098,"date":"2019-05-21T06:30:55","date_gmt":"2019-05-21T10:30:55","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=148098"},"modified":"2019-05-21T06:05:29","modified_gmt":"2019-05-21T10:05:29","slug":"sp500-falls-led-by-technology","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/05\/sp500-falls-led-by-technology\/","title":{"rendered":"SP500 falls led by technology"},"content":{"rendered":"
May 21, 2019<\/div>
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By IFCMarkets<\/a><\/p>\n

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Dollar weakens after weak Chicago Fed index report<\/h2>\n<\/div>\n<\/div>\n

US stock market <\/b> pullback continued on Monday led by technology shares hurting from ban on business with Huawei Technologies. The S&P 500 <\/em> lost 0.7% to 2840.23. Dow Jones <\/a> industrial slid 0.3% to 25679.90. The Nasdaq <\/em> composite tumbled 1.5% to 7702.38. The dollar weakened after data showed Chicago Fed\u2019s national activity index slipped to a negative 0.45 in April, down from an upwardly revised positive 0.05 in March: 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, edged down 0.03% to 97.93 but is higher currently. Futures on US stock indexes point to higher openings today.<\/p>\n

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DAX 30 suffers heaviest loss among European indexes<\/h2>\n<\/div>\n<\/div>\n

European stocks <\/b> slide accelerated on Monday as slump in technology shares dragged equity markets. Both EUR\/USD <\/em> and GBP\/USD <\/em> turned higher but are lower currently. The Stoxx Europe 600 index declined 1.2% with technology sector dropping 3%. The DAX 30 <\/em> fell 1.6% to 12041.29. France\u2019s CAC 40 <\/em> tumbled 1.5%. UK\u2019s FTSE 100 <\/a> lost 0.5% to 7310.88.<\/p>\n

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Shanghai Composite leads Asian indexes gains<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b> are mixed today. Nikkei <\/em> closed 0.1% lower at 21272.45 despite enduring yen slide against the dollar. Markets in China are mixed despite news US has decided to extend 90-day exemptions to some US companies from the technology export ban announced last week: the Shanghai Composite Index <\/em> is up 1.2% while Hong Kong\u2019s Hang Seng <\/em> Index is 0.1% lower. Australia\u2019s All Ordinaries Index extended gains 0.4% as Australian dollar resumed its slide against the greenback.<\/p>\n

\"HK50<\/p>\n

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

Brent futures prices <\/b> are edging higher today on US-Iran tension with global markets slump capping gains. Prices fell yesterday despite Middle East tensions: July Brent crude lost 0.3% to $71.97 a barrel on Monday.<\/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 weakens after weak Chicago Fed index report US stock market pullback continued on Monday led by technology shares hurting from ban on business with Huawei Technologies. The S&P 500 lost 0.7% to 2840.23. Dow Jones industrial slid 0.3% to 25679.90. The Nasdaq composite tumbled 1.5% to 7702.38. The dollar weakened after data […]<\/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-148098","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/148098","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=148098"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/148098\/revisions"}],"predecessor-version":[{"id":148100,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/148098\/revisions\/148100"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=148098"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=148098"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=148098"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}