Dow rises more than 100 points

Daily Analysis - 19/04/2019

Greenback steadies following Good Friday

The popular greenback steadied versus a case of rivals on Friday following a score of a 17-days top yesterday while numbers revealed a strong U.S. economy. All these while the euro was depressed by a limited manufacturing movement in Europe.

Several financial markets remained closed for the Good Friday Easter holiday.

Currency markets will continue to stay open but without much volume.

The dollar index, which gauges the USD versus a basket of six other important currencies, climbed to 97.484.

Stocks were higher after a big earnings day

Yesterday U.S equities finished higher while the market absorbed solid retail data, stronger corporate earnings announcements, and two extremely expected IPO's. The S&P 500 increased 0.2% and finished the trading session at 2,905.00 while the Nasdaq Composite ended at 7,998.00. The Dow Jones Industrial Average surged 110 points to 26,559.53. The earnings season seems to be strong for now. So far, more a huge percentage of the S&P 500 corporations have beat analysts’ expectations by far.

Gold remain at the same levels

On Thursday the popular yellow metal Gold remained constant near a 120-day low while a stronger dollar balance fears regarding the global economy increased. That happened after the announcement of soft manufacturing data out of Europe. U.S. gold futures ended about $0.80 lower at $1,275. Spot gold was constant at $1,273.78 per ounce.

US Crude up more than 20 cents

On Thursday, Oil was slightly higher while a draw in U.S. oil inventories and a decline in crude purchases from the prime exporter Saudi Arabia helped prices. U.S. West Texas Intermediate crude futures went up 24 cents $64 per barrel while Brent crude futures climbed 35 cents to $71.96 a barrel.

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