The Latest Breaking News from Harker

Dollar Falls on Lower Bond Yields and Strength in Stocks

The dollar index (DXY00 ) on Thursday fell -0.74% and posted a 1-week low. A decline in T-note yields Thursday undercut the dollar. The dollar also came under pressure after the May ISM manufacturing index contracted more than expected, which was dovish for Fed policy. In addition, the action by...

Barchart · Jun 1, 2023

Stocks Post Moderate Losses on Global Economic Concerns

What you need to know… The S&P 500 Index ($SPX ) (SPY ) Wednesday closed down -0.61%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.41%, and the Nasdaq 100 Index ($IU XX) (QQQ ) closed down -0.70%. Stock indexes Wednesday posted moderate losses. Global economic concerns...

Barchart · May 31, 2023

Dollar Gains on Yuan Weakness and a Slide in Stocks

The dollar index (DXY00 ) on Wednesday rose +0.14% and posted a 2-1/2 month high. The dollar saw support Wednesday as weakness in stocks boosted the liquidity demand for the dollar. However, dovish comments from Fed Governor Jefferson and Philadelphia Fed President Harker tempered the dollar’s rally when they signaled...

Barchart · May 31, 2023