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15 Jul 2013
US equities open softly after weak Retail sales
FXstreet.com (New York) - The US stock market experienced a soft opening Monday following the release of weaker-than-expected US data.
Earlier today in the United States, Retail Sales (MoM) came in at +0.4% in June, missing expectations of +0.8%. Moreover, Retail Sales -ex Autos (MoM) netted no change in June, against estimates of +0.4%. Finally, the NY Empire State Manufacturing Index (July) was reported at 9.46 in July, vs. a projected figure of 5.0.
Beginning with the indices and composites, the NASDAQ rose +0.05% as it settles in region of 3601.98, up +1.78 points in these moments. In addition, the S&P 500 is trading in positive territory, operating at 1681.96, descending +1.64 points or +0.10% at the time of writing. Finally, the Dow Jones has moved lower at the opening, trading in the zone of 15460.91, presently -0.02% after a movement of -3.31 points.
Sectors are all mixed at the opening, however the Basic Materials and Financials sectors have distinguished themselves as the winners thus far, rising +0.31% and +0.36% respectively. Moreover, the price of gold has settled at $1282.59 per oz., while silver is now negotiating a spot price of $19.82 per oz. Monday.
Earlier today in the United States, Retail Sales (MoM) came in at +0.4% in June, missing expectations of +0.8%. Moreover, Retail Sales -ex Autos (MoM) netted no change in June, against estimates of +0.4%. Finally, the NY Empire State Manufacturing Index (July) was reported at 9.46 in July, vs. a projected figure of 5.0.
Beginning with the indices and composites, the NASDAQ rose +0.05% as it settles in region of 3601.98, up +1.78 points in these moments. In addition, the S&P 500 is trading in positive territory, operating at 1681.96, descending +1.64 points or +0.10% at the time of writing. Finally, the Dow Jones has moved lower at the opening, trading in the zone of 15460.91, presently -0.02% after a movement of -3.31 points.
Sectors are all mixed at the opening, however the Basic Materials and Financials sectors have distinguished themselves as the winners thus far, rising +0.31% and +0.36% respectively. Moreover, the price of gold has settled at $1282.59 per oz., while silver is now negotiating a spot price of $19.82 per oz. Monday.