FXstreet.com (Barcelona) - The US Stock market experienced a definitely negative opening across the board Friday as investors grapple the recent tranche of US data, whilst coming to the realization that the world will not end today as we know it.
In the United States, Personal Spending grew by +0.4% in November, matching expectations. In addition, the Core Personal Consumption Expenditure – Prices Index (YoY) climbed +1.5% in November, slightly missing projections of +1.6%. Finally, Personal Income (MoM) jumped +0.6% in November, exceeding expectations of only +0.3%.
Beginning with the indices and composites, the NASDAQ shed -1.53% as it settles in region of 3003.75, down -45.90 points in these moments. In addition, the S&P 500 is trading in negative territory, operating at 1429.63, losing -14.63 points or -0.99% at the time of writing. Finally, the Dow Jones has moved lower at the opening as well, trading in the zone of 13171.34, presently -1.05% after a ascent of -140.38 points.
Sectors are all red at the opening, however the Consumer Cyclical and Technology sectors have distinguished themselves as the winners thus far, contracting -1.51% and -1.71% respectively. In other news, the price of crude has settled above USD $90.60 today, moving -0.10%.
In the United States, Personal Spending grew by +0.4% in November, matching expectations. In addition, the Core Personal Consumption Expenditure – Prices Index (YoY) climbed +1.5% in November, slightly missing projections of +1.6%. Finally, Personal Income (MoM) jumped +0.6% in November, exceeding expectations of only +0.3%.
Beginning with the indices and composites, the NASDAQ shed -1.53% as it settles in region of 3003.75, down -45.90 points in these moments. In addition, the S&P 500 is trading in negative territory, operating at 1429.63, losing -14.63 points or -0.99% at the time of writing. Finally, the Dow Jones has moved lower at the opening as well, trading in the zone of 13171.34, presently -1.05% after a ascent of -140.38 points.
Sectors are all red at the opening, however the Consumer Cyclical and Technology sectors have distinguished themselves as the winners thus far, contracting -1.51% and -1.71% respectively. In other news, the price of crude has settled above USD $90.60 today, moving -0.10%.
