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25 Jun 2013
US equities recovery after yesterdays collapse
FXstreet.com (New York) - The US stock market rebounded Tuesday, following what was a disastrous plunge at the hands of Fed and Chinese woes that drove down all indices deeper into correction.
Markets lifted by upbeat US data
In terms of data in the United States, Durable Goods Orders (May) grew +3.6%, beating expectations of only +3.0%. Moreover, Durable Goods ex-Transportation (May) were reported at +0.7%, exceeding estimates of 0.0%. Finally the Housing Price Index (MoM) came in at +0.7%, compared with a figure of +1.5% previously.
Beginning with the indices and composites, the NASDAQ rose +1.08% as it settles in region of 3356.83, up +35.72 points in these moments. In addition, the S&P 500 is trading in positive territory, operating at 1587.89, ascending +14.75 points or +0.94% at the time of writing. Finally, the Dow Jones has moved lower at the opening, trading in the zone of 14765.34, presently +0.74% after a movement of +105.78 points.
Sectors are all higher at the opening, however the Financials and Technology sectors have distinguished themselves as the winners thus far, rising +1.02% and +0.98% respectively. Moreover, the price of gold has settled at $1281.46 per oz., while silver is now negotiating a spot price of $19.74 per oz. Tuesday.
Markets lifted by upbeat US data
In terms of data in the United States, Durable Goods Orders (May) grew +3.6%, beating expectations of only +3.0%. Moreover, Durable Goods ex-Transportation (May) were reported at +0.7%, exceeding estimates of 0.0%. Finally the Housing Price Index (MoM) came in at +0.7%, compared with a figure of +1.5% previously.
Beginning with the indices and composites, the NASDAQ rose +1.08% as it settles in region of 3356.83, up +35.72 points in these moments. In addition, the S&P 500 is trading in positive territory, operating at 1587.89, ascending +14.75 points or +0.94% at the time of writing. Finally, the Dow Jones has moved lower at the opening, trading in the zone of 14765.34, presently +0.74% after a movement of +105.78 points.
Sectors are all higher at the opening, however the Financials and Technology sectors have distinguished themselves as the winners thus far, rising +1.02% and +0.98% respectively. Moreover, the price of gold has settled at $1281.46 per oz., while silver is now negotiating a spot price of $19.74 per oz. Tuesday.