Stock Market Today
U.S. stocks on Friday opened higher S&P 500 2690.92 (+0.13%) and NASDAQ Index 6952.16 (+0.05), Dow Jones Industrial Average 24857.51 (+0.08%). Wall Street Indexes are trading higher today as the year comes to close, and investors in the U.S. are currently analyzing what a year it has been. The U.S. equity market has surged 20% this year as the American economy continues its recovery. The earnings calendar will bring investors no action on Friday and an empty economic calendar. For the US market, 2017 will be a year to remember and Wall Street analysts are calling for another strong year in 2018.
Bitcoin price fell roughly 8% to 14 499.99 US Dollar today, as the market has been volatile over the last couple of days. Investors now worry that this change in cryptocurrency behavior could be a possible signal of a further fall. We will see what 2018 has in store for cryptocurrencies.
Economic data for today: None scheduled
Gold Price increased to $1.305.00 (+0.10%) per ounce, Silver Price $17.09 (+0.05%), Platinum Price $941.10 (+0.11%), Palladium Price 1061.50 (-0.10%), Dow Jones index 24,857.51 (0.08% increase).
U.S. Dollar vs Precious metals
The US Dollar Index is trading lower today and keeps falling down at the end of the year. The gold price is trading higher today because of sustained demand for precious metals from retailers. Market analysts expect gold price could rise even higher during the final trading day of 2017. Among other precious metals: silver price increased, the platinum price is slightly higher, palladium price dropped.
All market review articles are provided as a third-party analysis and do not necessarily match views of Bullion Exchanges and should not be considered as financial advice in any way.