Morning Briefing Global Stocks
$DIA, $DAX, $DJSH, $N300, $NSEI, $BSESN
- The 85th Fresh Record Close on the DJIA in 2017
The US major stock market indexes finished at: DJIA +63.21 at 24837.51, NAS Comp +10.82 at 6950.16, S&P 500 +4.92 at 2687.54
Volume: Trade came in light again at: 527-M/shares excahnged
- NAS Comp: +29.1% YTD
- DJIA : +25.6%
- S&P 500: +20.0% YTD
- S&P Midcap 400 Index: +15.1%
- Russell 2000: +14.1%
There was not much trading excitement in the stock market because there was little market-moving news, as well as a few participants.
For the 3rd day running, extremely light trading volume because many market participants have checked out until the New Year.
A late burst of buying interest led to the 71st record-high close for the DJIA this year.
Futures are modestly lower: S&P 500 futures are -4.50 from the fair value of 2,690 and NAS Comp futures are -16.50 from fair value of 6,461.
Friday morning, there are no US economic reports scheduled to be released.
There are no companies of note scheduled to report earnings tomorrow morning.
With only 1 trading day remaining in Y 2017, there were no notable news or equity movers in extended trading.
Year 2017 could go out on a whimper Friday, as little economic data keeps investors on the sidelines. It has been a quiet week for the financial markets over the Holidays. This will likely continue in the final session, as many market participants are out of the action until after the New Year.
Energy traders will be closely monitoring the Baker Hughes weekly rig count. The report will be released at 18:00 GMT.
In currencies, .DXY declined sharply Vs a basket of peers Thursday. The US dollar index (DXY), which tracks the performance of the ‘Buck’ Vs a basket of 6peers, fell 0.4% to 92.60. With the decline USD is down 0.7% over the past 2 sessions.
Have a safe and sane New Year’s Holiday Weekend.
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