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20 Jun 2013
US equities collapse as Fed roils markets
FXstreet.com (New York) - The US stock market rapidly fell Thursday, as the Fed sent global indices into a staunch sell off that hit Asia, Europe and now the United States.
In terms of data, Initial Jobless Claims (June 15) came in at 354K, missing expectations of 340K. Moreover, Continuing Jobless Claims (June 8) were reported at 2.951M vs. a projection calling for 2.960M. Finally, the Markit Manufacturing PMI (June) yielded a figure of 52.2, against estimates of 52.8.
Beginning with the indices and composites, the NASDAQ fell -1.06% as it settles in region of 3406.88, down -36.46 points in these moments. In addition, the S&P 500 is trading in negative territory, operating at 1614.37, descending -14.90 points or -0.90% at the time of writing. Finally, the Dow Jones has moved lower at the opening, trading in the zone of 15047.68, presently -0.43% after a movement of -64.51 points.
Sectors are all lower at the opening, however the Basic Materials and Energy sectors have distinguished themselves as the losers thus far, falling -2.03% and -1.32% respectively. Moreover, the price of gold has settled at $1293.65 per oz., while silver is now negotiating a spot price of $19.85 per oz.
In terms of data, Initial Jobless Claims (June 15) came in at 354K, missing expectations of 340K. Moreover, Continuing Jobless Claims (June 8) were reported at 2.951M vs. a projection calling for 2.960M. Finally, the Markit Manufacturing PMI (June) yielded a figure of 52.2, against estimates of 52.8.
Beginning with the indices and composites, the NASDAQ fell -1.06% as it settles in region of 3406.88, down -36.46 points in these moments. In addition, the S&P 500 is trading in negative territory, operating at 1614.37, descending -14.90 points or -0.90% at the time of writing. Finally, the Dow Jones has moved lower at the opening, trading in the zone of 15047.68, presently -0.43% after a movement of -64.51 points.
Sectors are all lower at the opening, however the Basic Materials and Energy sectors have distinguished themselves as the losers thus far, falling -2.03% and -1.32% respectively. Moreover, the price of gold has settled at $1293.65 per oz., while silver is now negotiating a spot price of $19.85 per oz.