31 May 2013
American equity markets open lower falling US consumer spending
FXstreet.com (Barcelona) - The US stock market experienced a lower opening Friday, rescinding some of recent gains in the wake of the recent release of mixed US data. In the United States, Personal Spending (April) fell -0.2%, against expectations of +0.1%. In addition, Core Personal Consumption Expenditure – Price Index (YoY) climbed +1.1% in April, vs. projections of +1.0%. Finally, Personal Income (MoM) was reported at 0.0% in April, against estimates of +0.1%.
Beginning with the indices and composites, the NASDAQ fell -0.33% as it settles in region of 3479.99, down -11.13 points in these moments. In addition, the S&P 500 is trading in negative territory, operating at 1649.41, descending +5.00 points or -0.30% at the time of writing. Finally, the Dow Jones has moved lower at the opening, trading in the zone of 15277.15, presently -0.31% after a movement of -47.38 points.
Sectors are all red at the opening, however the Consumer non Cyclical and Basic Materials sectors have distinguished themselves as the losers thus far, contracting -0.74% and -0.78% respectively. In other news, the price of crude is testing USD $92.55/bbl Friday.
Beginning with the indices and composites, the NASDAQ fell -0.33% as it settles in region of 3479.99, down -11.13 points in these moments. In addition, the S&P 500 is trading in negative territory, operating at 1649.41, descending +5.00 points or -0.30% at the time of writing. Finally, the Dow Jones has moved lower at the opening, trading in the zone of 15277.15, presently -0.31% after a movement of -47.38 points.
Sectors are all red at the opening, however the Consumer non Cyclical and Basic Materials sectors have distinguished themselves as the losers thus far, contracting -0.74% and -0.78% respectively. In other news, the price of crude is testing USD $92.55/bbl Friday.