Flat day over FBI cases

U.S stock market closed flat in Tuesday trading session after moving in less than 100 points range. The market looks cautious after recent Trump FBI crises. The President fired James Comey the FBI director and asked the ex-FBI chief to stop the investigation on Mike Flynn the former National Security Adviser. If the sentiment keeps growing out of control, it looks like the market might see impeachment scenario.

Dow Jones Industrial Averages closed down 2.19 points (-0.01%) at 20,979.75, Nasdaq up 20.20 points (0.33%), and S&P 500 down 1.65 points (-0.07%).

U.S dollar weakness

The FBI cases brought U.S dollar down against other major currencies and it looks like will continue in next trading session as cases ongoing. Aside from FBI cases, the greenback retreat caused by weak building permits data which came out at 1.23 million permits issued vs. 1.27 million expected. Meanwhile, Euro took advantage of U.S dollar weakness and charging upward.

Other market

Crude oil prices slip 0.4% to close at $48.66 after API reading show increase in the stockpile. On the gold prices, the price settled higher 0.5% to $1,236.40 as political uncertainties turn higher in U.S.

Earnings & corporate report

Home Depot (NYSE: HD) reported better than expected earnings per share of $1.67 vs. $1.61 consensus. Revenue came out at $23.9 billion vs. 23.8 billion expectation. Share prices up 0.59% to $158.26 after initially touched $160.86.

Snap Inc (NYSE: SNAP) snap the market up 0.2%, a number far lower from its 8% pre-market rally after billionaire George Soros hedge fund disclosed the stake in the company shares.

Advanced Micro Devices Inc (NYSE: AMD) rose 11.65% ahead of the company analyst day. The boost came from news that Intel (NYSE: INTC) is licensing AMD graphic chips, noting the deal will come after the contract with Nvidia (NYSE: NVDA) expires.