U.S. Dollar Index Futures Market News and Commentary
What you need to know…
The S&P 500 Index ($SPX) (SPY) this morning is down -0.23%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -0.10%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.55%.
U.S stock indexes this morning are moderately lower. Stocks are retreating today on concern the Fed may move quicker to taper stimulus after today’s mostly better than expected U.S. economic data. Weakness in mining stocks is also weighing on the overall market as metals prices plunge.
U.S. weekly initial unemployment claims rose +20,000 to 332,000, showing a weaker labor market than expectations of 322,000.
U.S. Aug retail sales unexpectedly rose +0.7% m/m, stronger than expectations of -0.7% m/m. Aug retail sales ex-autos rose +1.8% m/m, stronger than expectations of unchanged and the biggest increase in 5 months.
The U.S. Sep Philadelphia Fed business outlook survey unexpectedly rose +11.3 to 30.7, stronger than expectations of a decline to 19.0.<... Read more