The Latest Breaking News from Mester

What you need to know… The S&P 500 Index ($SPX ) (SPY ) Monday closed up +0.45%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed unchanged, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.64%. Stocks on Monday posted moderate gains, with the S&P 500...

The dollar index (DXY00 ) on Monday rose by +0.04% and posted modest gains. The as-expected increase in the U.S. Dec NAHB housing market index report Monday and higher T-note yields were supportive factors for the dollar. Gains in the dollar on Monday were muted as stocks rallied, which curbed...

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +0.34%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.04%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.30%. Stocks this morning are mildly higher, with the S&P...

What you need to know… The S&P 500 Index ($SPX ) (SPY ) Wednesday closed down -0.09%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.04%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.14%. Stocks on Wednesday relinquished early gains and settled mixed,...

The dollar index (DXY00 ) on Wednesday rose by +0.04%. The dollar on Wednesday recovered from a 3-1/2 month low and posted modest gains. The dollar rebounded after Wednesday’s economic news showed Q3 GDP was revised higher than expected. Also, an easing of consumer price pressures in Germany and Spain...

What you need to know… The S&P 500 Index ($SPX ) (SPY ) Thursday closed up +0.12%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.13%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.10%. Stocks on Thursday settled mixed. The broader market was...

The dollar index (DXY00 ) on Thursday fell slightly by -0.05% after weak U.S. economic news knocked bond yields lower and weakened the dollar’s interest rate differentials. The dollar was also undercut by dovish comments Thursday from Fed Governor Cook and Cleveland Fed President Mester, who signaled they favor the...

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is down -0.15%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.25%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.31%. Stocks this morning are mildly lower on some disappointing...

What you need to know… The S&P 500 Index ($SPX ) (SPY ) on Friday closed down -1.26%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.86%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -1.50%. Stocks on Friday retreated, with the S&P 500,...

The dollar index (DXY00 ) on Friday fell by -0.08%. The dollar Friday fell back slightly as T-note yields declined, weakening the dollar’s interest rate differentials. Also, dovish comments Friday from Philadelphia Fed President Harker and Cleveland Fed President Mester undercut the dollar when they said they favored the Fed...

What you need to know… The S&P 500 Index ($SPX ) (SPY ) on Tuesday closed down -1.37%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -1.29%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -1.83%. Stocks on Tuesday sold off sharply, with the...