3 Jul 2013
US equities pull back Wednesday, ahead of holiday
FXstreet.com (New York) - The US stock market incurred losses across the board, ahead of the July 4 holiday in the US, and the bourgeoning situation in Egypt, which has jolted oil prices.
Earlier today in the United States, the Trade Balance came in at $-45.03B in May, missing expectations of $-40.10B. In addition, Initial Jobless Claims (June 29) were reported at 343K, slightly exceeding estimates that called for 345K. Finally, Continuing Jobless Claims (June 22) yielded 2.933M, vs. projections of 2.987M.
Beginning with the indices and composites, the NASDAQ fell -0.43% as it settles in region of 3418.13, down -14.89 points in these moments. In addition, the S&P 500 is trading in negative territory, operating at 1604.92, descending -9.02 points or -0.56% at the time of writing. Finally, the Dow Jones has moved lower at the opening, trading in the zone of 14907.45, presently -0.17% after a movement of -24.96 points.
Sectors are all lower at the opening, however the Basic Materials and Financials sectors have distinguished themselves as the losers thus far, falling -0.47% and -0.49% respectively. Moreover, the price of gold has settled at $1249.53 per oz., while silver is now negotiating a spot price of $19.64 per oz. Wednesday.
Earlier today in the United States, the Trade Balance came in at $-45.03B in May, missing expectations of $-40.10B. In addition, Initial Jobless Claims (June 29) were reported at 343K, slightly exceeding estimates that called for 345K. Finally, Continuing Jobless Claims (June 22) yielded 2.933M, vs. projections of 2.987M.
Beginning with the indices and composites, the NASDAQ fell -0.43% as it settles in region of 3418.13, down -14.89 points in these moments. In addition, the S&P 500 is trading in negative territory, operating at 1604.92, descending -9.02 points or -0.56% at the time of writing. Finally, the Dow Jones has moved lower at the opening, trading in the zone of 14907.45, presently -0.17% after a movement of -24.96 points.
Sectors are all lower at the opening, however the Basic Materials and Financials sectors have distinguished themselves as the losers thus far, falling -0.47% and -0.49% respectively. Moreover, the price of gold has settled at $1249.53 per oz., while silver is now negotiating a spot price of $19.64 per oz. Wednesday.