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US markets rally despite soft data

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 24, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    US stock markets ended higher for the second session on Tuesday as investors shrugged off soft economic data. The dollar weakened as traders booked profits after Fed’s interest rate increase last week. According to live dollar index data the ICE US Dollar index, a measure of the dollar’s strength against a basket of six rival currencies, fell 0.2% to 98.215. The S&P 500 added 0.9% as all 10 major sectors closed in positive territory, led by consumer staples, energy and industrial stocks.

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