6 Jun 2013
Dow below 15000 after weak US jobs data
FXstreet.com (Barcelona) - The US stock market climbed slightly higher Thursday, despite mounting speculation surround the Fed stimulus program and weak economic data in the United States.
In terms of the data, in the United States, Initial Jobless Claims (June 1) came in at 346K, against expectations of 345K. In addition, Continuing Jobless Claims (May 25) yielded a figure of 2.952M, relative to estimates calling for 2.975M.
Beginning with the indices and composites, the NASDAQ rose +0.34% as it settles in region of 3412.94, up +11.07 points in these moments. In addition, the S&P 500 is trading in positive territory, operating at 1611.41, ascending +2.26 points or +0.14% at the time of writing. Finally, the Dow Jones has moved higher at the opening, trading in the zone of 14964.92, presently +0.03% after a movement of +3.88 points.
Sectors are all mixed at the opening, however the Basic Materials and Energy sectors have distinguished themselves as the losers thus far, contracting -0.10% and -0.09% respectively. In other news, the price of crude is testing USD $94.12/bbl Thursday. Moreover, the price of gold has settled at $1398.17 per oz., while silver is now negotiating a spot price of $22.44 per oz.
In terms of the data, in the United States, Initial Jobless Claims (June 1) came in at 346K, against expectations of 345K. In addition, Continuing Jobless Claims (May 25) yielded a figure of 2.952M, relative to estimates calling for 2.975M.
Beginning with the indices and composites, the NASDAQ rose +0.34% as it settles in region of 3412.94, up +11.07 points in these moments. In addition, the S&P 500 is trading in positive territory, operating at 1611.41, ascending +2.26 points or +0.14% at the time of writing. Finally, the Dow Jones has moved higher at the opening, trading in the zone of 14964.92, presently +0.03% after a movement of +3.88 points.
Sectors are all mixed at the opening, however the Basic Materials and Energy sectors have distinguished themselves as the losers thus far, contracting -0.10% and -0.09% respectively. In other news, the price of crude is testing USD $94.12/bbl Thursday. Moreover, the price of gold has settled at $1398.17 per oz., while silver is now negotiating a spot price of $22.44 per oz.