{"id":154599,"date":"2019-09-02T09:02:22","date_gmt":"2019-09-02T13:02:22","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=154599"},"modified":"2019-09-02T09:02:22","modified_gmt":"2019-09-02T13:02:22","slug":"us-stocks-finish-week-higher","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/09\/us-stocks-finish-week-higher\/","title":{"rendered":"US stocks finish week higher"},"content":{"rendered":"
September 2, 2019<\/div>
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By IFCMarkets<\/a><\/p>\n

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Dollar strengthening accelerates as Chicago PMI rebounds<\/h2>\n<\/div>\n<\/div>\n

US stock indexes <\/b> ended marginally higher on Friday. The S&P 500<\/a> gained 0.1% to 2929.46, rebounding 2.8% for the week but logging 1.8% monthly loss, the second monthly decline in 2019. Dow Jones <\/em> industrial rose 0.2% to 26403.28. The Nasdaq <\/em> however slipped 0.1% to 7962.88. The dollar strengthening accelerated after Federal Reserve\u2019s Chicago area purchasing managers index rose to 50.4 from 44.4 in July, readings above 50 indicating expansion and below 50 showing contraction. 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 0.4% to 98.78 and is higher currently. US markets are closed today for Labor Day holiday. Stock index futures are lower currently.<\/p>\n

\"DJI<\/p>\n

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DAX 30 leads European indexes movement<\/h2>\n<\/div>\n<\/div>\n

European stocks <\/b> extended gains on Friday despite weak economic data. EUR\/USD<\/em> accelerated its slide as the final reading confirmed euro-zone headline inflation remained steady at 1% in August, intensifying expectations of a big ECB stimulus next month. GBP\/USD <\/em> decelerated its decline on Friday with both pairs lower currently. The Stoxx Europe 600 Index gained 0.7% Friday. The DAX 30 <\/em> rose 0.9% to 11939.28 while German retail sales suffered a sharp 2.2% fall in July. France\u2019s CAC 40 <\/em> advanced 0.6% and UK\u2019s FTSE 100 <\/a> added 0.3% to 7207.18.<\/p>\n

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Shanghai Composite rises while other Asian indexes retreat<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b> are mixed today as new tariffs announced by United States and China on each other\u2019s goods kicked in. Nikkei <\/em> lost 0.4% to 20620.19 despite reversal of yen \u2018s climb against the dollar. China\u2019s markets are mixed after official data indicate China\u2019s factory activity dipped for fourth straight month while Caixin manufacturing PMI rises above 50: the Shanghai Composite Index <\/em> is up 1.3% while Hong Kong\u2019s Hang Seng <\/em> Index is 0.5% lower. Australia\u2019s All Ordinaries Index turned 0.4% with the Australian dollar little changed against the greenback.<\/p>\n

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

Brent futures prices <\/b> are extending losses today on global growth slowing concerns after US and China reciprocal tariffs came into force. Prices fell on Friday: Brent for October settlement ended 1.1% lower at $60.43 a barrel Friday.<\/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 as Chicago PMI rebounds US stock indexes ended marginally higher on Friday. The S&P 500 gained 0.1% to 2929.46, rebounding 2.8% for the week but logging 1.8% monthly loss, the second monthly decline in 2019. Dow Jones industrial rose 0.2% to 26403.28. The Nasdaq however slipped 0.1% to 7962.88. The […]<\/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-154599","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/154599","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=154599"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/154599\/revisions"}],"predecessor-version":[{"id":154613,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/154599\/revisions\/154613"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=154599"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=154599"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=154599"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}