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%.