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27 Aug 2013
US equities drop on geopolitical concerns, war imminent?
FXstreet.com (New York) - The US stock market experienced a negative opening Tuesday, hurt by ongoing allegations of intervention with Syria and slowing US housing prices.
In the United States, S&P/Case-Shiller Home Price Indices (YoY) came in at +12.1% in June, beating estimates of +12.0%. In addition, the Redbook Index (MoM) grew by +0.3%, compared to a figure of +0.2% previously. Finally, the Redbook Index (MoM) yielded a figure of +3.8%, relative to +3.4% previously.
Beginning with the indices and composites, today the NASDAQ fell -0.82% as it settles in region of 3626.91, down -29.99 points in these moments. In addition, the S&P 500 is trading in negative territory, operating at 1644.20, descending -12.58 points or -0.76% at the time of writing. Finally, the Dow Jones has moved lower at the opening, trading in the zone of 14858.51, presently -0.59% after a movement of -87.95 points.
Sectors are all higher at the opening, however the Financials and Telecoms sectors have distinguished themselves as the losers thus far, plunging +1.00% and -2.64% respectively. Moreover, the price of gold has settled at $1419.30 per oz., while silver is now negotiating a spot price of $24.61 per oz. Tuesday.
In terms of FX, the EUR/USD is now trading at 1.3394 (+0.19%), the USD/JPY has settled at 97.33 (-1.19), the GBP/USD at 1.5546 (-0.18%), and the USD/CHF at 0.9179 (-0.55%).
In the United States, S&P/Case-Shiller Home Price Indices (YoY) came in at +12.1% in June, beating estimates of +12.0%. In addition, the Redbook Index (MoM) grew by +0.3%, compared to a figure of +0.2% previously. Finally, the Redbook Index (MoM) yielded a figure of +3.8%, relative to +3.4% previously.
Beginning with the indices and composites, today the NASDAQ fell -0.82% as it settles in region of 3626.91, down -29.99 points in these moments. In addition, the S&P 500 is trading in negative territory, operating at 1644.20, descending -12.58 points or -0.76% at the time of writing. Finally, the Dow Jones has moved lower at the opening, trading in the zone of 14858.51, presently -0.59% after a movement of -87.95 points.
Sectors are all higher at the opening, however the Financials and Telecoms sectors have distinguished themselves as the losers thus far, plunging +1.00% and -2.64% respectively. Moreover, the price of gold has settled at $1419.30 per oz., while silver is now negotiating a spot price of $24.61 per oz. Tuesday.
In terms of FX, the EUR/USD is now trading at 1.3394 (+0.19%), the USD/JPY has settled at 97.33 (-1.19), the GBP/USD at 1.5546 (-0.18%), and the USD/CHF at 0.9179 (-0.55%).