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28 Feb 2013
American equity markets barely changed after GDP data
The US Stock market experienced a modestly positive opening Thursday, after the release of several US indicators. In the United States, Gross Domestic Product Annualized (Q4) came in at just +0.1%, against expectations of +0.05%. In addition, the Gross Domestic Product Price Index (Q4) grew +0.9%, vs. estimates of only +0.6%. Initial Jobless Claims (February 22) were reported at 344K, against a projected figure of 360K. Finally, Personal Consumption Expenditures Prices (QoQ) have grown +1.5% in the fourth quarter, compared with +1.2% previously.
Beginning with the indices and composites, the NASDAQ rose +0.29% as it settles in region of 3172.54, up +9.30 points in these moments. In addition, the S&P 500 is trading in positive territory, operating at 1519.30, ascending +3.05 points or +0.18% at the time of writing. Finally, the Dow Jones has moved lower at the opening, trading in the zone of 14073.69, presently -0.01% after a movement of -1.68 points.
Sectors are nearly all in the green currently, however the Basic Materials and Energy sectors have distinguished themselves as main losers thus far, falling -0.25% and -0.11% respectively. In other news, the price of crude has settled below USD $92.90/bbl Thursday.
Beginning with the indices and composites, the NASDAQ rose +0.29% as it settles in region of 3172.54, up +9.30 points in these moments. In addition, the S&P 500 is trading in positive territory, operating at 1519.30, ascending +3.05 points or +0.18% at the time of writing. Finally, the Dow Jones has moved lower at the opening, trading in the zone of 14073.69, presently -0.01% after a movement of -1.68 points.
Sectors are nearly all in the green currently, however the Basic Materials and Energy sectors have distinguished themselves as main losers thus far, falling -0.25% and -0.11% respectively. In other news, the price of crude has settled below USD $92.90/bbl Thursday.