7 Jul 2014
US stocks start the week with losses; EUR/USD above 1.3600
FXStreet (San Francisco) - Wall Street closed Monday with declines as investors are focusing in the upcoming corporate earnings season as well as speculation about when the Federal Reserve will move rates increases, particularly ahead of the release of the FOMC minutes.
The Dow Jones an the S&P performed its first negative day in four while the Nasdaq closed its biggest single day drop since May.
The Dow Jones declined 44.05 points or 0.26% to close the day at 17,024.21; the S&P 500 eased 7.79 pts or 0.39% to 1,977.65; while the Nasdaq lost 34.40 pts or 0.77% to 4,451.53.
A weak US dollar pushed the EUR/USD to the upside, despite falling stock in Europe and in Wall Street. The pair is trading now above 1.3600.
The Dow Jones an the S&P performed its first negative day in four while the Nasdaq closed its biggest single day drop since May.
The Dow Jones declined 44.05 points or 0.26% to close the day at 17,024.21; the S&P 500 eased 7.79 pts or 0.39% to 1,977.65; while the Nasdaq lost 34.40 pts or 0.77% to 4,451.53.
A weak US dollar pushed the EUR/USD to the upside, despite falling stock in Europe and in Wall Street. The pair is trading now above 1.3600.