11 Jul 2013
US equities explode at opening following dovish Fed comments
FXstreet.com (New York) - The US stock market jumped higher at the opening, as it became apparent that QE was still on the table and that the Fed was not ready to wean markets off of the stimulus just yet.
In the United States, Initial Jobless Claims (July 6) yielded a figure of 360K, missing expectations of 340K. Moreover, the Continuing Jobless Claims (July 29) were reported at 2.977M, which came in under estimates of 2.950M.
Beginning with the indices and composites, the NASDAQ rose +1.11% as it settles in region of 3559.43, up +38.85 points in these moments. In addition, the S&P 500 is trading in positive territory, operating at 1670.28, ascending +17.70 points or +1.07% at the time of writing. Finally, the Dow Jones has moved higher at the opening, trading in the zone of 15439.61, presently +0.97% after a movement of +149.95 points.
Sectors are all higher at the opening, however the Telecoms and Basic Materials sectors have distinguished themselves as the winners thus far, rising +2.44% and +2.64% respectively. Moreover, the price of gold has settled at $1284.90 per oz., while silver is now negotiating a spot price of $20.05 per oz. Thursday.
In the United States, Initial Jobless Claims (July 6) yielded a figure of 360K, missing expectations of 340K. Moreover, the Continuing Jobless Claims (July 29) were reported at 2.977M, which came in under estimates of 2.950M.
Beginning with the indices and composites, the NASDAQ rose +1.11% as it settles in region of 3559.43, up +38.85 points in these moments. In addition, the S&P 500 is trading in positive territory, operating at 1670.28, ascending +17.70 points or +1.07% at the time of writing. Finally, the Dow Jones has moved higher at the opening, trading in the zone of 15439.61, presently +0.97% after a movement of +149.95 points.
Sectors are all higher at the opening, however the Telecoms and Basic Materials sectors have distinguished themselves as the winners thus far, rising +2.44% and +2.64% respectively. Moreover, the price of gold has settled at $1284.90 per oz., while silver is now negotiating a spot price of $20.05 per oz. Thursday.