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16 Aug 2013
US equities fall again despite rising housing data
FXstreet.com (New York) - The US stock market extended its losses on the back end of yesterday’s staunch pullback, as questions surrounding the economy and lingering tapering questions galvanize indices.
In the United States, Housing Starts (MoM) were reported at 0.896M in July, missing estimates of 0.900M. Moreover, Building Permits (MoM) came in at 0.943M, against expectations of 0.945M.
Beginning with the indices and composites, today the NASDAQ fell -0.10% as it settles in region of 3602.84, down -3.46 points in these moments. In addition, the S&P 500 is trading in negative territory, operating at 1657.76, descending -3.87 points or -0.23% at the time of writing. Finally, the Dow Jones has moved lower at the opening, trading in the zone of 15092.30, presently -0.13% after a movement of -20.01 points.
Sectors are all lower at the opening, however the Consumer non-cyclical and Utilities sectors have distinguished themselves as the losers thus far, falling -0.16% and -0.17% respectively. Moreover, the price of gold has settled at $1368.23 per oz., while silver is now negotiating a spot price of $23.19 per oz. Friday.
In the United States, Housing Starts (MoM) were reported at 0.896M in July, missing estimates of 0.900M. Moreover, Building Permits (MoM) came in at 0.943M, against expectations of 0.945M.
Beginning with the indices and composites, today the NASDAQ fell -0.10% as it settles in region of 3602.84, down -3.46 points in these moments. In addition, the S&P 500 is trading in negative territory, operating at 1657.76, descending -3.87 points or -0.23% at the time of writing. Finally, the Dow Jones has moved lower at the opening, trading in the zone of 15092.30, presently -0.13% after a movement of -20.01 points.
Sectors are all lower at the opening, however the Consumer non-cyclical and Utilities sectors have distinguished themselves as the losers thus far, falling -0.16% and -0.17% respectively. Moreover, the price of gold has settled at $1368.23 per oz., while silver is now negotiating a spot price of $23.19 per oz. Friday.