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15 Aug 2013
US equities tumble after US CPI/Jobless Claims
FXstreet.com (New York) - The US stock market had been trading unevenly all week, though Thursday’s release of US data certainly sent indices into a state of flux, extending widespread weakness.
In the United States, the Consumer Price Index (YoY) came in at +2.0% in July, in line with expectations. Moreover, the Consumer Price Index Ex Food & Energy (YoY) grew +1.7% in July, matching estimates. Initial Jobless Claims were reported at 320K, beating projections of 335K. Finally, Net Long-Term TIC Flows (June) yielded a figure of $-66.9B, against expectations of $31.3B.
Beginning with the indices and composites, today the NASDAQ fell -1.28% as it settles in region of 3666.22, down -47.14 points in these moments. In addition, the S&P 500 is trading in negative territory, operating at 1667.31, descending -18.17 points or -1.08% at the time of writing. Finally, the Dow Jones has moved lower at the opening, trading in the zone of 15187.30, presently -0.98% after a movement of -150.36 points.
Sectors are all lower at the opening, however the Basic Materials and Technology sectors have distinguished themselves as the losers thus far, falling -1.13% and -1.35% respectively. Moreover, the price of gold has settled at $1326.80 per oz., while silver is now negotiating a spot price of $21.88 per oz. Thursday.
In the United States, the Consumer Price Index (YoY) came in at +2.0% in July, in line with expectations. Moreover, the Consumer Price Index Ex Food & Energy (YoY) grew +1.7% in July, matching estimates. Initial Jobless Claims were reported at 320K, beating projections of 335K. Finally, Net Long-Term TIC Flows (June) yielded a figure of $-66.9B, against expectations of $31.3B.
Beginning with the indices and composites, today the NASDAQ fell -1.28% as it settles in region of 3666.22, down -47.14 points in these moments. In addition, the S&P 500 is trading in negative territory, operating at 1667.31, descending -18.17 points or -1.08% at the time of writing. Finally, the Dow Jones has moved lower at the opening, trading in the zone of 15187.30, presently -0.98% after a movement of -150.36 points.
Sectors are all lower at the opening, however the Basic Materials and Technology sectors have distinguished themselves as the losers thus far, falling -1.13% and -1.35% respectively. Moreover, the price of gold has settled at $1326.80 per oz., while silver is now negotiating a spot price of $21.88 per oz. Thursday.