27 Jun 2013
US equities rebound for third straight session
FXstreet.com (New York) - The US stock market continued to edge higher, extending a recovery that started in the aftermath of Mondays collapse across indices.
Earlier today in the United States, Personal Income (MoM) rose +0.5% in May, beating estimates of +0.2%. In addition, Core Personal Consumption Expenditure – Price Index (YoY) yielded +1.1% in May, which matched its previous figure. Finally, Initial Jobless Claims were reported at 346K, exceeding expectations of 345K.
Beginning with the indices and composites, the NASDAQ rose +0.61% as it settles in region of 3396.85, up +20.54 points in these moments. In addition, the S&P 500 is trading in positive territory, operating at 1613.21, ascending +10.01 points or +0.62% at the time of writing. Finally, the Dow Jones has moved lower at the opening, trading in the zone of 14974.61, presently +0.43% after a movement of +64.47 points.
Sectors are all higher at the opening, however the Consumer non-Cyclicals and Healthcare sectors have distinguished themselves as the winners thus far, rising +1.49% and +1.48% respectively. Moreover, the price of gold has settled at $1232.36 per oz., while silver is now negotiating a spot price of $18.79 per oz. Wednesday.
Earlier today in the United States, Personal Income (MoM) rose +0.5% in May, beating estimates of +0.2%. In addition, Core Personal Consumption Expenditure – Price Index (YoY) yielded +1.1% in May, which matched its previous figure. Finally, Initial Jobless Claims were reported at 346K, exceeding expectations of 345K.
Beginning with the indices and composites, the NASDAQ rose +0.61% as it settles in region of 3396.85, up +20.54 points in these moments. In addition, the S&P 500 is trading in positive territory, operating at 1613.21, ascending +10.01 points or +0.62% at the time of writing. Finally, the Dow Jones has moved lower at the opening, trading in the zone of 14974.61, presently +0.43% after a movement of +64.47 points.
Sectors are all higher at the opening, however the Consumer non-Cyclicals and Healthcare sectors have distinguished themselves as the winners thus far, rising +1.49% and +1.48% respectively. Moreover, the price of gold has settled at $1232.36 per oz., while silver is now negotiating a spot price of $18.79 per oz. Wednesday.