{"id":148609,"date":"2019-05-29T06:30:36","date_gmt":"2019-05-29T10:30:36","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=148609"},"modified":"2019-05-29T06:11:23","modified_gmt":"2019-05-29T10:11:23","slug":"us-stocks-resume-retreating-after-memorial-day","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/05\/us-stocks-resume-retreating-after-memorial-day\/","title":{"rendered":"US stocks resume retreating after Memorial Day"},"content":{"rendered":"
May 29, 2019<\/div>
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By IFCMarkets<\/a><\/p>\n

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Dollar rises as consumer confidence improves<\/h2>\n<\/div>\n<\/div>\n

US stock market <\/b> ended lower on Tuesday as trading resumed after markets reopened following Memorial Day holiday. The S&P 500 <\/em> lost 0.8% to 2802.39. Dow Jones <\/em> industrial fell 0.9% to 25347.77. The Nasdaq <\/a> slid 0.4% to 7607.35. The dollar strengthening continued as Conference Board\u2019s consumer confidence index rose to above expected 134.1 from 129.2 in April. 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 0.2% to 97.925 but is lower currently. Futures on US stock indices point to lower openings today.<\/p>\n

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FTSE100 records smallest loss among European indexes<\/h2>\n<\/div>\n<\/div>\n

European stocks <\/b> pulled back on Tuesday led by Italian stocks on renewed concern about country\u2019s refusal to curb budget deficit as Brussels demands. Both the EUR\/USD <\/em> and GBP\/USD <\/em> resumed their slide and are lower currently. The Stoxx Europe 600 ended 0.2% lower led by banking shares. The German DAX 30 <\/a> slid 0.4% to 12027.05 as German GfK consumer sentiment index fell to its lowest level in two years. France\u2019s CAC 40<\/em> lost 0.4%. UK\u2019s FTSE 100 <\/em> slipped 0.1% to 7268.95 after reopening.<\/p>\n

\"DE30<\/p>\n

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Nikkei leads Asian indexes pullback<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b> are mostly lower today. Nikkei <\/em> fell 1.2% to 21003.37 as yen resumed its climb against the dollar. Chinese stocks are mixed after President Donald Trump\u2019s Monday comment that the country was \u201cnot ready\u201d for a trade deal with China: the Shanghai Composite Index <\/em> is up 0.4% while Hong Kong\u2019s Hang Seng index <\/em> is 0.4% lower. Australia\u2019s All Ordinaries Index gave back all of previous session gains declining 0.7% with Australian dollar flat against the greenback.<\/p>\n

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

Brent futures prices <\/b> are edging lower today. Prices of July Brent ended unchanged at $70.11 a barrel on Tuesday.<\/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 rises as consumer confidence improves US stock market ended lower on Tuesday as trading resumed after markets reopened following Memorial Day holiday. The S&P 500 lost 0.8% to 2802.39. Dow Jones industrial fell 0.9% to 25347.77. The Nasdaq slid 0.4% to 7607.35. The dollar strengthening continued as Conference Board\u2019s consumer confidence index […]<\/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-148609","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/148609","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=148609"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/148609\/revisions"}],"predecessor-version":[{"id":148615,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/148609\/revisions\/148615"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=148609"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=148609"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=148609"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}