{"id":148238,"date":"2019-05-23T06:20:18","date_gmt":"2019-05-23T10:20:18","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=148238"},"modified":"2019-05-23T06:20:18","modified_gmt":"2019-05-23T10:20:18","slug":"us-stocks-end-lower-after-soft-retailer-earnings","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/05\/us-stocks-end-lower-after-soft-retailer-earnings\/","title":{"rendered":"US stocks end lower after soft retailer earnings"},"content":{"rendered":"
May 23, 2019<\/div>
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By IFCMarkets<\/a><\/p>\n

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Dollar strengthened after Fed minutes<\/h2>\n<\/div>\n<\/div>\n

US stock market <\/b> stepped back on Wednesday with weak retailer reports providing little support. The S&P 500<\/a> slid 0.3% to 2856.27. The Dow Jones <\/em> industrial average slipped 0.4% to 25776.61. Nasdaq <\/em> composite index fell 0.5% to 7750.84. The dollar strengthening continued as minutes of Federal Reserve last meeting revealed officials felt there were no data supporting a rate cut need currently: 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, added 0.1% to 98.094 and is higher currently. Futures on US stock indexes point to lower openings today.<\/p>\n

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DAX 30 outperforms European indexes<\/h2>\n<\/div>\n<\/div>\n

European stocks <\/b> slipped on Wednesday with Berxit and global trade prospect uncertainty undermining market sentiment . Both the EUR\/USD <\/em> and GBP\/USD <\/em> accelerated their slide and are lower currently. The Stoxx Europe 600 slipped 0.1% led by bank shares. Germany\u2019s DAX 30 <\/em> however added 0.2% to 12168.74. France\u2019s CAC 40<\/em> slid 0.1% while UK\u2019s FTSE 100 <\/em> edged up 0.1% to 7334.19 amid reports of rising pressure on UK Prime Minister Theresa May to resign after lawmakers in her own party rejected her compromise deal on exiting the EU.<\/p>\n

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Hang Seng leads Asian indexes losses<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b> are mostly falling today after news overnight the United States was considering curbs on Chinese video surveillance firms including Hikvision. Nikkei <\/em> turned 0.6% lower to 21151.14 as yen climb against the dollar continued despite the Markit flash purchasing managers\u2019 index\u2019s decline to 49.6 in May from 50.2 in the previous month indicated manufacturing contracted in May. Chinese stocks are falling: the Shanghai Composite Index <\/em> is down 1.4% and Hong Kong\u2019s Hang Seng Index <\/em> is 1.6% lower. Australia\u2019s All Ordinaries Index lost 0.3% despte Australian dollar continued sliding against the greenback at a previous session\u2019s pace.<\/p>\n

\"HK50<\/p>\n

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Brent <\/a> falls on US crude inventories build<\/h2>\n<\/div>\n<\/div>\n

Brent futures prices <\/b> are extending losses today. Prices fell yesterday after the report US crude stockpiles rose 4.7 million barrels while gasoline stocks increased by 3.7 million last week. July Brent crude lost 1.7% to $70.99 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 strengthened after Fed minutes US stock market stepped back on Wednesday with weak retailer reports providing little support. The S&P 500 slid 0.3% to 2856.27. The Dow Jones industrial average slipped 0.4% to 25776.61. Nasdaq composite index fell 0.5% to 7750.84. The dollar strengthening continued as minutes of Federal Reserve last meeting […]<\/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-148238","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/148238","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=148238"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/148238\/revisions"}],"predecessor-version":[{"id":148240,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/148238\/revisions\/148240"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=148238"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=148238"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=148238"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}