Market Watch: Data, Dollar In Focus

U.S. stocks were higher Friday, recovering some losses from a rough week in trading on Wall Street.

The Euro climbed to $1.13 against the U.S. dollar on Thursday, its highest point in months. But the contradictory nature of the market reared its ugly head—after weeks of hearing how a strong dollar was bad for stocks, it was dollar weakness that drove the markets down to a point where almost all Dow gains for 2015 were wiped out yesterday.

As trading opened Friday—the first day of May—the Dow stands exactly 17 points (0.07%) higher than it did on the 1st of the year.

While the Dow has stood still for the four months of 2015, it attempted to find direction today. However, most investors agreed that the uptick was just a ‘bounce’ off yesterday’s drop, saying that there was little real news in either data release.

As of 3:45 p.m., here are the Friday numbers from Wall Street:

Dow Jones Industrial Average: 18,003.57 (+163.05)

NASDAQ: 4,999.65 (+58.23)

S&P 500: 2,106.06 (+20.55) 

 

Phil Cannella
Partnered with CBS Radio Network, Phil Cannella reports on the issues most important to the American retiree.
Phil Cannella
- 2 days ago
Phil Cannella

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