{"id":151518,"date":"2019-07-15T06:55:25","date_gmt":"2019-07-15T10:55:25","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=151518"},"modified":"2019-07-15T06:55:25","modified_gmt":"2019-07-15T10:55:25","slug":"dow-sp-500-post-back-to-back-record-closes","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/07\/dow-sp-500-post-back-to-back-record-closes\/","title":{"rendered":"Dow, SP 500 post back to back record closes"},"content":{"rendered":"
July 15, 2019<\/div>
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By IFCMarkets<\/a><\/p>\n

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Dollar strengthening accelerated as wholesale inflation slowed<\/h2>\n<\/div>\n<\/div>\n

US stock market <\/b> advance accelerated on Friday as Powell\u2019s testimony reaffirmed expectations of a Fed rate cut at the end of month. The S&P 500<\/a> gained 0.5% to 3013.75, adding 0.8% for the week. Dow Jones <\/em> industrial rallied 0.9% to fresh record 27332.10. The Nasdaq <\/em> also ended higher, gaining 0.6% to 8244.14. The dollar weakening accelerated after report US wholesale prices inflation slowed to 2.1% from 2.3% in May. 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, fell 0.3% to 96.797 and is lower currently. Stock index futures point to higher market openings today<\/p>\n

\"SP500<\/p>\n

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CAC 40 rose while other European indexes slipped<\/h2>\n<\/div>\n<\/div>\n

European stocks <\/b> ended flat on Friday as data showed euro zone industrial production rose more than expected in May. The EUR\/USD <\/em> joined GBP\/USD\u2019s <\/em> continued climb with euro higher while Pound lower currently. The DAX 30 <\/em> slipped 0.1% to 12323.32. France\u2019s CAC 40 <\/em> however rose 0.4% while UK\u2019s FTSE 100 <\/a> slid 0.1% to 7505.97.<\/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 as China posted its weakest quarterly GDP growth in at least 27 years. Nikkei <\/em> rose 0.2% to 21685.90 with yen resuming its slide against the dollar. China\u2019s markets are gaining as data showed the world\u2019s second-largest economy expanded by 6.2% over a year earlier, down from the previous quarter\u2019s 6.4%: the Shanghai Composite Index <\/em> is up 0.4% and Hong Kong\u2019s Hang Seng <\/em> Index is 0.2% higher. Australia\u2019s All Ordinaries Index extended losses 0.7% with the Australian dollar climb against the greenback intact.<\/p>\n

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

Brent futures prices <\/b> are edging higher today. Prices rose on Friday: Brent for September settlement ended 0.3% higher at $66.72 a barrel Friday, rebounding 3.9% for the week.<\/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 accelerated as wholesale inflation slowed US stock market advance accelerated on Friday as Powell\u2019s testimony reaffirmed expectations of a Fed rate cut at the end of month. The S&P 500 gained 0.5% to 3013.75, adding 0.8% for the week. Dow Jones industrial rallied 0.9% to fresh record 27332.10. The Nasdaq also […]<\/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-151518","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/151518","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=151518"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/151518\/revisions"}],"predecessor-version":[{"id":151522,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/151518\/revisions\/151522"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=151518"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=151518"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=151518"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}