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Wall Street s main indexes opened lower on Wednesday after stronger-than-expected inflation data fueled fears of tighter monetary policy to combat possibly a longer period of inflation. The Dow Jones Industrial Average fell 134.8 points, or 0.39%, at the open to 34,134.47. The S&P 500 fell 26.6 points, or 0.63%, at the open to 4,125.78, while the Nasdaq Composite dropped 145.9 points, or 1.09%, to 13,243.64 at the opening bell. Read More News on ....
February 16, 2021 Daily FX Market Roundup 02.16.2021 By Kathy Lien, Managing Director of FX Strategy for BK Asset Management • Currencies Reverse Despite New Highs for Stocks • #USD Rallies on Stronger Empire State Survey but Retail Sales a Risk • #EURO Gives Up Gains Despite Stronger ZEW • #AUD Lower on Dovish RBA Minutes • #GBP Traders Look Ahead to Stronger CPI • #CAD Sells Off Despite Prospect of Stronger Inflation Data U.S. traders came back from their long weekend on Tuesday ready for a busy trading week. They drove stocks to fresh record highs which should have coincided with a weaker U.S. dollar (#USD). However stronger than expected manufacturing activity in the New York region boosted risk appetite. Looking ahead sustainability of the ....