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26 Jun 2013
US equities continue advancing after recent GDP data
FXstreet.com (New York) - The US stock market continued its retracement Wednesday, having been given an impetus of mixed US data.
Earlier today in the United States, Gross Domestic Product Annualized (Q1) came in at only +1.8%, missing expectations of +2.4%. Moreover, the Gross Domestic Product Price Index was reported at +1.3%, beating estimates of +1.1%. Finally, Core Personal Consumption Expenditures (QoQ) grew +1.3% in Q1, matching projections.
Beginning with the indices and composites, the NASDAQ rose +0.83% as it settles in region of 33575.42, up +27.91 points in these moments. In addition, the S&P 500 is trading in positive territory, operating at 1601.79, ascending +13.72 points or +0.86% at the time of writing. Finally, the Dow Jones has moved lower at the opening, trading in the zone of 14885.67, presently +0.85% after a movement of +125.36 points.
Sectors are all higher at the opening, however the Telecoms and Healthcare sectors have distinguished themselves as the winners thus far, rising +1.12% and +1.16% respectively. Moreover, the price of gold has settled at $1236.18 per oz., while silver is now negotiating a spot price of $18.80 per oz. Wednesday.
Earlier today in the United States, Gross Domestic Product Annualized (Q1) came in at only +1.8%, missing expectations of +2.4%. Moreover, the Gross Domestic Product Price Index was reported at +1.3%, beating estimates of +1.1%. Finally, Core Personal Consumption Expenditures (QoQ) grew +1.3% in Q1, matching projections.
Beginning with the indices and composites, the NASDAQ rose +0.83% as it settles in region of 33575.42, up +27.91 points in these moments. In addition, the S&P 500 is trading in positive territory, operating at 1601.79, ascending +13.72 points or +0.86% at the time of writing. Finally, the Dow Jones has moved lower at the opening, trading in the zone of 14885.67, presently +0.85% after a movement of +125.36 points.
Sectors are all higher at the opening, however the Telecoms and Healthcare sectors have distinguished themselves as the winners thus far, rising +1.12% and +1.16% respectively. Moreover, the price of gold has settled at $1236.18 per oz., while silver is now negotiating a spot price of $18.80 per oz. Wednesday.