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12 Jul 2013
US equities open softly as earnings weigh
FXstreet.com (New York) - The US stock market experienced a tepid opening Friday, after JP Morgan reported uneven results that left markets in limbo.
Earlier today in the United States, the Producer Price Index (YoY) rose +2.5% in June, beating estimates of +2.1%. Moreover, the Producer Price Index (MoM) climbed +0.8% in June, exceeding expectations of +0.5%. Finally, the Producer Price Index ex Food & Energy (MoM and YoY) came in at +0.2% in June (vs. projections of +0.1%), and +1.7% in June (against a consensus of +1.6%) respectively.
Beginning with the indices and composites, the NASDAQ rose +0.3% as it settles in region of 3579.03, up +1.25 points in these moments. In addition, the S&P 500 is trading in negative territory, operating at 1674.76, descending -0.29 points or -0.02% at the time of writing. Finally, the Dow Jones has moved higher at the opening, trading in the zone of 15439.61, presently +0.09% after a movement of +14.43 points.
Sectors are all mixed at the opening, however the Telecoms and Technology sectors have distinguished themselves as the winners thus far, rising +0.21% and +0.26% respectively. Moreover, the price of gold has settled at $1277.29 per oz., while silver is now negotiating a spot price of $19.80 per oz. Friday.
Earlier today in the United States, the Producer Price Index (YoY) rose +2.5% in June, beating estimates of +2.1%. Moreover, the Producer Price Index (MoM) climbed +0.8% in June, exceeding expectations of +0.5%. Finally, the Producer Price Index ex Food & Energy (MoM and YoY) came in at +0.2% in June (vs. projections of +0.1%), and +1.7% in June (against a consensus of +1.6%) respectively.
Beginning with the indices and composites, the NASDAQ rose +0.3% as it settles in region of 3579.03, up +1.25 points in these moments. In addition, the S&P 500 is trading in negative territory, operating at 1674.76, descending -0.29 points or -0.02% at the time of writing. Finally, the Dow Jones has moved higher at the opening, trading in the zone of 15439.61, presently +0.09% after a movement of +14.43 points.
Sectors are all mixed at the opening, however the Telecoms and Technology sectors have distinguished themselves as the winners thus far, rising +0.21% and +0.26% respectively. Moreover, the price of gold has settled at $1277.29 per oz., while silver is now negotiating a spot price of $19.80 per oz. Friday.