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11 Jun 2013
US equities follow global equities lower
FXstreet.com (New York) - The US stock market took a tumble Tuesday, having followed the rest of global indices markedly lower today.
In the United States, the NFIB Business Optimism Index (May) was reported at 94.40, against expectations of 93.40. Moreover, the Redbook Index (YoY) (June 2) yielded +2.8%, compared with a figure of +2.9% previously. Finally, the Redbook Index (MoM) (June 2) came in at -0.5%, relative to +0.6% previously.
Beginning with the indices and composites, the NASDAQ fell -1.25% as it settles in region of 3430.08, down -43.48 points in these moments. In addition, the S&P 500 is trading in negative territory, operating at 1624.07, descending -18.45 points or -1.12% at the time of writing. Finally, the Dow Jones has moved lower at the opening, trading in the zone of 15093.54, presently -0.95% after a movement of -145.14 points.
Sectors are all lower at the opening, however the Basic Materials and Energy sectors have distinguished themselves as the loser thus far, plunging -2.05% and -1.32% respectively. In other news, the price of crude is testing USD $94.25/bbl TUesday. Moreover, the price of gold has settled at $1373.02 per oz., while silver is now negotiating a spot price of $21.63 per oz.
In the United States, the NFIB Business Optimism Index (May) was reported at 94.40, against expectations of 93.40. Moreover, the Redbook Index (YoY) (June 2) yielded +2.8%, compared with a figure of +2.9% previously. Finally, the Redbook Index (MoM) (June 2) came in at -0.5%, relative to +0.6% previously.
Beginning with the indices and composites, the NASDAQ fell -1.25% as it settles in region of 3430.08, down -43.48 points in these moments. In addition, the S&P 500 is trading in negative territory, operating at 1624.07, descending -18.45 points or -1.12% at the time of writing. Finally, the Dow Jones has moved lower at the opening, trading in the zone of 15093.54, presently -0.95% after a movement of -145.14 points.
Sectors are all lower at the opening, however the Basic Materials and Energy sectors have distinguished themselves as the loser thus far, plunging -2.05% and -1.32% respectively. In other news, the price of crude is testing USD $94.25/bbl TUesday. Moreover, the price of gold has settled at $1373.02 per oz., while silver is now negotiating a spot price of $21.63 per oz.