At a time when the three indices are down and Asian stocks rise as the dollar reached a two-month peak against the yen. The U.S. dollar index, which follows a basket of six currencies, is at 96.08. Meanwhile, a senior Federal Reserve official expects a further increase in interest rates and the central bank will begin to lower its huge balance in the coming months.
The Dow Jones Industrial Average advanced 0.79 points to 21,410,65. The S&P 500 index fell 0.12% to 2,424.30 while the Nasdaq Composite also fell to 6,171.61.The yield on 10-year U.S. Treasury notes is 2.38%, remaining at its highest level in the past two months.
Morning movers
Ford Motor Co. (F, Financial), Comcast Corp. (CMCSA, Financial),Pfizer Inc. (PFE, Financial), Gap Inc. (GPS, Financial), Juniper Networks Inc. (JNPR, Financial), Oracle Corp. (ORCL, Financial), Hewlett Packard Enterprise Co. (HPE, Financial), HP Inc. (HPQ, Financial), Coca-Cola Co”‹. (KO, Financial) and Regions Financial Corp. (RF, Financial).
Top gainers
CF Industries Holdings Inc. (CF), Mosaic Co”‹. (MOS), Freeport-McMoRan Inc. (FCX), NVIDIA Corp. (NVDA), Apache Corp. (APA), D.R. Horton Inc. (DHI), Advanced Micro Devices Inc.(AMD), Arconic Inc. (ARNC), HP Inc.(HPQ) and FLIR Systems Inc.(FLIR).
Top losers
Macy's Inc. (M), Gap, Best Buy Co. Inc. (BBY), L Brands Inc. (LB),Kohl's Corp. (KSS), AutoNation Inc”‹. (AN), Foot Locker Inc. (FL), Ulta Beauty Inc. (ULTA), Bed Bath & Beyond Inc. (BBBY) and Wal-Mart Stores Inc. (WMT).
Europe
The European stock markets operate unevenly after initial losses due to the poor performance of consumer stocks. In London, the FTSE 100 yielded -0.52%; the Dax of Frankfurt +0.14%, the CAC 40 of Paris -0.33%; and the IBEX 35 of Madrid -0.49%.
Disclosure: Author holds no positions in any stocks mentioned.
