U.S. stock-market indexes fell for a second straight session on Monday as investors continued to rethink expectations for a deep rate cut by the Federal Reserve following the conclusion of its policy gathering at the end of this month. A better-than-expected employment report, with some 224,000 jobs created in June, has raised doubts that the central bank, run by Jerome Powell, will take aggressive action to avert the perception of weakness in the U.S. economy.
4%, at 26,806, the S&P 500 index SPX, -0.48% fell 14 points, or 0.5%, at 2,976, while the Nasdaq Composite Index COMP, -0.78% declined 0.8% to reach 8,098. Fed Chairman Jerome Powell will testify on Capitol Hill on Wednesday and Thursday, and Wall Street will watch for clues on how the central banker will conduct monetary policy. In corporate news, shares of Apple AAPL, -2.
Questions: Does the US Sharemarket fall because the $USD index has risen, or does the DXY rise because the share market has fallen? Chicken or the egg? There seems to be a correlation in big moves? And does this mean the 'real' value hasn't changed that much?
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