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American equity markets edge lower Wednesday

FXstreet.com (Barcelona) - The US stock market experienced a soft opening and subsequent losses across the board Wednesday, surrendering some of yesterday’s gains. Earlier today in the United States, the Producer Price Index (YoY) has grown +0.6% in April, against expectations of +0.8%. In addition, the Producer Price Index ex Food & Energy (YoY) has yielded a growth of +1.7% in April, matching a projection of +1.7%.

Beginning with the indices and composites, the NASDAQ fell -0.07% as it settles in region of 3460.17, down -2.54 points in these moments. In addition, the S&P 500 is trading in negative territory, operating at 1647.57, descending -2.74 points or -0.17% at the time of writing. Finally, the Dow Jones has edged lower at the opening, trading in the zone of 15189.14, presently -0.17% after a movement of -26.11 points.

Sectors are nearly all positive at the opening, however the Basic Materials and Energy sectors have distinguished themselves as the losers thus far, plummeting -0.55% and -0.69% respectively. In other news, the price of crude is testing USD $92.87/bbl Wednesday.

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