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16 Jul 2013
US equities open positively after upbeat CPI
FXstreet.com (New York) - The US stock market edged higher Tuesday at the opening, as investors digest the latest CPI figures in the United States.
Earlier today in the United States, the Consumer Price Index (YoY) grew by +1.8% in June, exceeding estimates of +1.5%. In addition, the Consumer Price Index (MoM) climbed +0.5% in June, beating expectations of only +0.3%. Finally, the Consumer Price Index ex Food & Energy (YoY) was reported at +1.6% in June, in line with projections.
Beginning with the indices and composites, the NASDAQ rose +0.06% as it settles in region of 3610.41, up +2.16 points in these moments. In addition, the S&P 500 is trading in positive territory, operating at 1683.53, ascending +0.70 points or +0.04% at the time of writing. Finally, the Dow Jones has moved higher at the opening, trading in the zone of 15487.87, presently +0.02% after a movement of +3.61 points.
Sectors are all mixed at the opening, however the Basic Materials and Energy sectors have distinguished themselves as the winners thus far, rising +0.63% and +0.29% respectively. Moreover, the price of gold has settled at $1291.24 per oz., while silver is now negotiating a spot price of $19.94 per oz. Tuesday.
Earlier today in the United States, the Consumer Price Index (YoY) grew by +1.8% in June, exceeding estimates of +1.5%. In addition, the Consumer Price Index (MoM) climbed +0.5% in June, beating expectations of only +0.3%. Finally, the Consumer Price Index ex Food & Energy (YoY) was reported at +1.6% in June, in line with projections.
Beginning with the indices and composites, the NASDAQ rose +0.06% as it settles in region of 3610.41, up +2.16 points in these moments. In addition, the S&P 500 is trading in positive territory, operating at 1683.53, ascending +0.70 points or +0.04% at the time of writing. Finally, the Dow Jones has moved higher at the opening, trading in the zone of 15487.87, presently +0.02% after a movement of +3.61 points.
Sectors are all mixed at the opening, however the Basic Materials and Energy sectors have distinguished themselves as the winners thus far, rising +0.63% and +0.29% respectively. Moreover, the price of gold has settled at $1291.24 per oz., while silver is now negotiating a spot price of $19.94 per oz. Tuesday.