American equity markets stumble Thursday

FXstreet.com (Barcelona) - The US Stock market experienced a negative opening Thursday, unable to escape the same fate as its European counterpart. However, whereas the European economy looked to be bogged down in a quagmire, the US economy showed some upbeat data earlier today – .n the United States, Initial Jobless Claims (February 10) have come in at only 341K, against a consensus of 360K. In addition, Continuing Jobless Claims (February 3) were reported at 3.114M, against estimates calling for 3.200M.

Beginning with the indices and composites, the NASDAQ fell -0.32% as it settles in region of 3186.72, down -10.36 points in these moments. In addition, the S&P 500 is trading in negative territory, operating at 1516.62, descending -3.71 points or -0.24% at the time of writing. Finally, the Dow Jones has moved lower at the opening as well, trading in the zone of 13945.90, presently -0.26% after a stumble of -37.01 points.

Sectors are all in the red at the opening, however the Consumer non-Cyclical and Basic Materials sectors have distinguished themselves as the lone winners thus far, rising +1.19% and +0.10% respectively. In other news, the price of crude has settled above USD $97.57 Thursday.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

RELATED TOPICS