23 Jul 2013
US equities continue higher as S&P eyes 1700
FXstreet.com (New York) - The US stock market opened higher Tuesday, with the S&P eying all time highs at the 1700 level as earnings season continues.
In the United States, the Housing Price Index (MoM) grew +0.7% in May, against expectations of +0.8%. Meanwhile, earlier today the Redbook Index (MoM) (July 14) climbed +0.9%, compared with a result of +0.8% previously. Finally, the Redbook Index (YoY) (July 14) was reported at +3.3%, relative to +3.0% previously.
Beginning with the indices and composites, the NASDAQ rose +0.16% as it settles in region of 3606.16, up +5.80 points in these moments. In addition, the S&P 500 is trading in positive territory, operating at 1697.91, ascending +2.38 points or +0.14% at the time of writing. Finally, the Dow Jones has moved higher at the opening, trading in the zone of 15536.75, presently +0.27% after a movement of +41.53 points.
Sectors are all mixed at the opening, however the Basic Materials and Telecoms sectors have distinguished themselves as the winners thus far, rising +0.79% and +0.71% respectively. Moreover, the price of gold has settled at $1330.80 per oz., while silver is now negotiating a spot price of $20.23 per oz. Tuesday.
In the United States, the Housing Price Index (MoM) grew +0.7% in May, against expectations of +0.8%. Meanwhile, earlier today the Redbook Index (MoM) (July 14) climbed +0.9%, compared with a result of +0.8% previously. Finally, the Redbook Index (YoY) (July 14) was reported at +3.3%, relative to +3.0% previously.
Beginning with the indices and composites, the NASDAQ rose +0.16% as it settles in region of 3606.16, up +5.80 points in these moments. In addition, the S&P 500 is trading in positive territory, operating at 1697.91, ascending +2.38 points or +0.14% at the time of writing. Finally, the Dow Jones has moved higher at the opening, trading in the zone of 15536.75, presently +0.27% after a movement of +41.53 points.
Sectors are all mixed at the opening, however the Basic Materials and Telecoms sectors have distinguished themselves as the winners thus far, rising +0.79% and +0.71% respectively. Moreover, the price of gold has settled at $1330.80 per oz., while silver is now negotiating a spot price of $20.23 per oz. Tuesday.