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15 Mar 2013
American equity markets fall as inflation rises to 2%
FXstreet.com (Barcelona) - The US Stock market lower opening Friday as several US inflationary indicators were reported that were generally in line with expectations. In the US, the Consumer Price Index (YoY) rose +2.0% in February, which equaled projections. Moreover, the Consumer Price Index ex-food and energy reported a growth of +2.0% in February as well, which matched a consensus. Finally, Industrial Production (MoM) experienced a rise of +0.7% in February, against expectations of only +0.4%.
Beginning with the indices and composites, the NASDAQ fell -0.19% as it settles in region of 3252.98, down -6.19 points in these moments. In addition, the S&P 500 is trading in negative territory, operating at 1559.59, descending -3.57 points or -0.23% at the time of writing. Finally, the Dow Jones has edged higher at the opening, trading in the zone of 14500.93, presently -0.26% after a movement of -38.21 points.
Sectors are mostly negative currently, however the Energy and Services sectors have distinguished themselves as main losers thus far, contracting -0.38% and -0.40% respectively. In other news, the price of crude has settled below USD $93.39/bbl Friday.
Beginning with the indices and composites, the NASDAQ fell -0.19% as it settles in region of 3252.98, down -6.19 points in these moments. In addition, the S&P 500 is trading in negative territory, operating at 1559.59, descending -3.57 points or -0.23% at the time of writing. Finally, the Dow Jones has edged higher at the opening, trading in the zone of 14500.93, presently -0.26% after a movement of -38.21 points.
Sectors are mostly negative currently, however the Energy and Services sectors have distinguished themselves as main losers thus far, contracting -0.38% and -0.40% respectively. In other news, the price of crude has settled below USD $93.39/bbl Friday.