The Latest Breaking News from Richmond Fed

Weak Stocks and Higher Bond Yields Boost the Dollar

The dollar index (DXY00 ) today is up slightly by +0.05% and posted a fresh 2-1/2 month high. Today’s retreat in stocks is boosting liquidity demand for the dollar. Also, today’s news that showed that the Oct Richmond Fed manufacturing survey rose to a 4-month high is bullish for the...

Barchart · Oct 22, 2024

Stocks Settle Higher as Chinese Stimulus Boosts Economic Growth Prospects

The S&P 500 Index ($SPX ) (SPY ) Tuesday closed up by +0.25%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up by +0.20%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up by +0.47%. Stocks on Tuesday settled higher, with the S&P 500 and Dow...

Barchart · Sep 24, 2024

Stocks Slightly Higher as Chinese Stimulus Boosts Risk Sentiment in Asset Markets

The S&P 500 Index ($SPX ) (SPY ) today is up by +0.04%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up by +0.30%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up by +0.12%. Stocks today are slightly higher, with the Dow Jones Industrials posting...

Barchart · Sep 24, 2024

Dollar Boosted by Safe-Haven Demand from Escalating Middle East Tensions

The dollar index (DXY00 ) today recovered from a 13-month low and is slightly higher by +0.11%. Rising geopolitical risks in the Middle East are supporting safe-haven demand for the dollar today after Israel on Sunday launched airstrikes against Hezbollah targets in southern Lebanon. Gains in the dollar are limited...

Barchart · Aug 26, 2024

Stocks Mostly Higher on Hopes for Lower Interest Rates

The S&P 500 Index ($SPX ) (SPY ) is up +0.23%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.34%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.35%. US stocks today are mixed, with the S&P 500 posting a 1-1/4 month high and...

Barchart · Aug 26, 2024

Stocks Close Mildly Lower Ahead of Tech Earnings

The S&P 500 Index ($SPX ) (SPY ) on Tuesday fell by -0.16%, the Dow Jones Industrials Index ($DOWI ) (DIA ) fell by -0.14%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) fell by -0.35%. US stocks on Tuesday traded on a cautious note ahead of tech earnings....

Barchart · Jul 23, 2024

Dollar Rises Slightly as Political Factors Continue to Buffet the FX Markets

The dollar index (DXY00 ) on Tuesday rose slightly by +0.14% as US political factors continued to buffet the FX markets. Bearish factors for the dollar include Tuesday’s -1.0 bp decline in the 10-year T-note yield and the weaker-than-expected US economic reports. June US existing home sales fell -5.4% to...

Barchart · Jul 23, 2024

Dollar Slightly Higher as Political Factors Continue to Buffet the FX Markets

The dollar index (DXY00 ) is trading slightly higher by +0.18% as US political factors continue to buffet the FX markets. Bearish factors for the dollar today include today’s -2.5 bp decline in the 10-year T-note yield and the weaker-than-expected US economic reports. Today’s June US existing home sales report...

Barchart · Jul 23, 2024

Stocks Erase Early Gains and End Lower on Rising Bond Yields

The S&P 500 Index ($SPX ) (SPY ) Friday closed down -0.41%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.12%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.54%. Stock indexes Friday gave up early gains and settled moderately lower, with the S&P...

Barchart · Jun 28, 2024

Dollar Slightly Lower as Rate Cut Prospects Improve

The dollar index (DXY00 ) Friday fell by -0.03%. The dollar on Friday moved slightly lower after the US May core PCE price index, the Fed’s preferred inflation gauge, eased to +2.6% y/y, the slowest pace in 3 years, which improves the chances of Fed interest rate cuts this year....

Barchart · Jun 28, 2024