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14 Aug 2013
US equities in retreat after lackluster PPI data
FXstreet.com (New York) - The US stock market again pulled back Wednesday, unevenly trading at the opening with the advent of weak US data.
In the United States, the Producer Price Index (YoY) came in at +2.1% in July, missing expectations of +2.4%. Moreover, the Producer Price Index ex Food & Energy (YoY) grew only +1.2% in July, against estimates calling for +1.4%.
Beginning with the indices and composites, today the NASDAQ fell -0.10% as it settles in region of 3680.25, down -3.76 points in these moments. In addition, the S&P 500 is trading in negative territory, operating at 1691.82, descending -2.34 points or -0.14% at the time of writing. Finally, the Dow Jones has moved lower at the opening, trading in the zone of 15402.72, presently -0.31% after a movement of -48.29 points.
Sectors are all mixed at the opening, however the Consumer non-cyclical and Industrial sectors have distinguished themselves as the losers thus far, falling -0.36% and -0.28% respectively. Moreover, the price of gold has settled at $1323.07 per oz., while silver is now negotiating a spot price of $21.55 per oz. Wednesday.
In the United States, the Producer Price Index (YoY) came in at +2.1% in July, missing expectations of +2.4%. Moreover, the Producer Price Index ex Food & Energy (YoY) grew only +1.2% in July, against estimates calling for +1.4%.
Beginning with the indices and composites, today the NASDAQ fell -0.10% as it settles in region of 3680.25, down -3.76 points in these moments. In addition, the S&P 500 is trading in negative territory, operating at 1691.82, descending -2.34 points or -0.14% at the time of writing. Finally, the Dow Jones has moved lower at the opening, trading in the zone of 15402.72, presently -0.31% after a movement of -48.29 points.
Sectors are all mixed at the opening, however the Consumer non-cyclical and Industrial sectors have distinguished themselves as the losers thus far, falling -0.36% and -0.28% respectively. Moreover, the price of gold has settled at $1323.07 per oz., while silver is now negotiating a spot price of $21.55 per oz. Wednesday.