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16 May 2013
American equity markets a mixed bag at opening
FXstreet.com (Barcelona) - The US stock market experienced a generally subdued opening, with indices differing in performance. Most notably ahead is the highly anticipated word out of the US regarding the abating of the stimulus program. Earlier today, economic data out of America made waves – in particular, the Consumer Price Index (YoY and MoM) came in at +1.1% in April (against expectations of +1.3%) and -0.4% in April (vs. projections of -0.2%) respectively. In addition, the Consumer Price Index ex Food & Energy (YoY) climbed +1.7% in April, relative to a consensus of +1.8%.
Beginning with the indices and composites, the NASDAQ rose +0.14% as it settles in region of 3476.00, up +4.56 points in these moments. In addition, the S&P 500 is trading in negative territory, operating at 1657.18, descending -1.75 points or -0.11% at the time of writing. Finally, the Dow Jones has edged lower at the opening, trading in the zone of 15265.94, presently -0.06% after a movement of -9.75 points.
Sectors are nearly all negative at the opening, however the Technology and Transportation sectors have distinguished themselves as the lone winners thus far, rising +0.48% and +0.04% respectively. In other news, the price of crude is testing USD $93.40/bbl Thursday.
Beginning with the indices and composites, the NASDAQ rose +0.14% as it settles in region of 3476.00, up +4.56 points in these moments. In addition, the S&P 500 is trading in negative territory, operating at 1657.18, descending -1.75 points or -0.11% at the time of writing. Finally, the Dow Jones has edged lower at the opening, trading in the zone of 15265.94, presently -0.06% after a movement of -9.75 points.
Sectors are nearly all negative at the opening, however the Technology and Transportation sectors have distinguished themselves as the lone winners thus far, rising +0.48% and +0.04% respectively. In other news, the price of crude is testing USD $93.40/bbl Thursday.