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13 Aug 2013
US equities rise on mixed Retail Sales
FXstreet.com (New York) - The US stock market rose slightly higher Tuesday, with the checkered results of July Retail Sales sparking a move higher.
In the United States, Retail Sales (MoM) were reported at only +0.2% in July, missing expectations of +0.3% and down from +0.6% previously. However, Retail Sales ex Autos (MoM) came in at +0.5%, beating estimates of only +0.4%.
Beginning with the indices and composites, today the NASDAQ rose +0.18% as it settles in region of 3676.20, up +6.62 points in these moments. In addition, the S&P 500 is trading in positive territory, operating at 1691.19, ascending +1.72 points or +0.19% at the time of writing. Finally, the Dow Jones has moved higher at the opening, trading in the zone of 15435.96, presently +0.11% after a movement of +16.11 points.
Sectors are all higher at the opening, however the Technology and Healthcare sectors have distinguished themselves as the winners thus far, climbing +0.37% and +0.33% respectively. Moreover, the price of gold has settled at $1328.09 per oz., while silver is now negotiating a spot price of $21.32 per oz. Tuesday.
In the United States, Retail Sales (MoM) were reported at only +0.2% in July, missing expectations of +0.3% and down from +0.6% previously. However, Retail Sales ex Autos (MoM) came in at +0.5%, beating estimates of only +0.4%.
Beginning with the indices and composites, today the NASDAQ rose +0.18% as it settles in region of 3676.20, up +6.62 points in these moments. In addition, the S&P 500 is trading in positive territory, operating at 1691.19, ascending +1.72 points or +0.19% at the time of writing. Finally, the Dow Jones has moved higher at the opening, trading in the zone of 15435.96, presently +0.11% after a movement of +16.11 points.
Sectors are all higher at the opening, however the Technology and Healthcare sectors have distinguished themselves as the winners thus far, climbing +0.37% and +0.33% respectively. Moreover, the price of gold has settled at $1328.09 per oz., while silver is now negotiating a spot price of $21.32 per oz. Tuesday.