8 May 2017
Wall Street ends little changed on Monday
Major equity indexes in the U.S. had a calm session on Monday as the CBOE Volatility Index VIX, the fear gauge, dropped -7.38% to its lowest level since 1993 on Emmanuel Macron's victory in the French presidential election. On the other hand, crude oil prices, which have lately been a major catalyst for the stock markets, wavered on Monday and struggled to find direction amid mixed signals surrounding a possible supply cut deal extension.
- Forex today: Macron trade unwound and Fed chat less hawkish noting poor data
The Dow Jones Industrial Average gained 5.3 points, or 0.03%, to 21,012.28. After touching a fresh record high, the S&P 500 lost 2.75 points, or 0.1%, to 2,395 and finally, the Nasdaq Composite rose 1.90 points, or 0.03%, to 6,102.66.
Headlines from the U.S. session
- Investment funds buy $11.530 bln 2-year note in May - U.S. Treasury - Reuters
- US Dollar consolidates gains near 99
- Retail sales on Friday will be key - Nomura
- US CPI is key this week - Nomura
- Fed chat of last week and this week's updates - UOB Group
- European stocks edged lower as investors sold the fact after Macron's victory
- NY Fed: Inflation expectations decline and employment prospects brighten
- Fed's Bullard: Continued rate hikes not justified by data
- OPEC, non-OPEC producers are considering extending supply cut - Reuters
- Fed's Bullard: The policy rate is approximately at an appropriate setting today