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14 Jun 2013
US equities in retreat after upbeat US data
FXstreet.com (New York) - The US stock market opened Friday slightly in the negative, amidst a recent tranche of data out of the US and a general pullback across global equities intraweek.
United States reports upbeat economic data in May
In the United States, the Producer Price Index (YoY) rose +1.7% in May, beating a consensus of +1.4%. Moreover, the Producer Price Index ex Food & Energy (YoY) came in at +1.7% in May, exceeding projections of +1.4%. Finally, the Current Account (Q1) yielded a figure of $-106.1B, vs. estimates of $-109.7B.
Beginning with the indices and composites, the NASDAQ fell -0.06% as it settles in region of 3443.82, down -1.97 points in these moments. In addition, the S&P 500 is trading in negative territory, operating at 1635.51, descending -0.76 points or -0.05% at the time of writing. Finally, the Dow Jones has moved lower at the opening, trading in the zone of 15150.09, presently -0.17% after a movement of -25.99 points.
Sectors are all lower at the opening, however the Energy and Industrials sectors have distinguished themselves as the losers thus far, falling -0.69% and -0.38% respectively. Moreover, the price of gold has settled at $1386.35 per oz., while silver is now negotiating a spot price of $22.05 per oz.
United States reports upbeat economic data in May
In the United States, the Producer Price Index (YoY) rose +1.7% in May, beating a consensus of +1.4%. Moreover, the Producer Price Index ex Food & Energy (YoY) came in at +1.7% in May, exceeding projections of +1.4%. Finally, the Current Account (Q1) yielded a figure of $-106.1B, vs. estimates of $-109.7B.
Beginning with the indices and composites, the NASDAQ fell -0.06% as it settles in region of 3443.82, down -1.97 points in these moments. In addition, the S&P 500 is trading in negative territory, operating at 1635.51, descending -0.76 points or -0.05% at the time of writing. Finally, the Dow Jones has moved lower at the opening, trading in the zone of 15150.09, presently -0.17% after a movement of -25.99 points.
Sectors are all lower at the opening, however the Energy and Industrials sectors have distinguished themselves as the losers thus far, falling -0.69% and -0.38% respectively. Moreover, the price of gold has settled at $1386.35 per oz., while silver is now negotiating a spot price of $22.05 per oz.