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Trading news
13 Mar 2013
American equity markets open negatively despite upbeat Retail sales
The US Stock market experienced a slightly negative opening Wednesday as investors digest upbeat economic data. In the United States, Retail Sales (MoM) reported a jump of +1.1% in February, against expectations of only +0.5%. In addition, Retail Sales ex-autos (MoM) climbed +1.0% in the month of February, against a consensus of only +0.5%.
Beginning with the indices and composites, the NASDAQ fell -0.23% as it settles in region of 3234.88, down -7.44 points in these moments. In addition, the S&P 500 is trading in negative territory, operating at 1550.07, descending -2.41 points or -0.16% at the time of writing. Finally, the Dow Jones has moved lower at the opening, trading in the zone of 14426.16, presently -0.16% after a movement of -23.80 points.
Sectors are all negative currently, however the Basic Materials and Energy sectors have distinguished themselves as main losers thus far, contracting -0.59% and -0.39% respectively. In other news, the price of crude has settled below USD $93.11/bbl Wednesday.
Beginning with the indices and composites, the NASDAQ fell -0.23% as it settles in region of 3234.88, down -7.44 points in these moments. In addition, the S&P 500 is trading in negative territory, operating at 1550.07, descending -2.41 points or -0.16% at the time of writing. Finally, the Dow Jones has moved lower at the opening, trading in the zone of 14426.16, presently -0.16% after a movement of -23.80 points.
Sectors are all negative currently, however the Basic Materials and Energy sectors have distinguished themselves as main losers thus far, contracting -0.59% and -0.39% respectively. In other news, the price of crude has settled below USD $93.11/bbl Wednesday.