OctaFX | OctaFX Forex Broker
Open trading account
Back

American equity markets break higher Tuesday

FXstreet.com (Barcelona) - The US stock market opened higher Tuesday, continuing an upward course and settling new all time highs in most major indices. In the United States, the Redbook Index (MoM) (May 12) was reported at +0.5%, relative to a figure of +0.7%. Moreover, the Redbook Index (YoY) (May 12) came in at +2.4%, compared with +2.8%.

Beginning with the indices and composites, the NASDAQ rose +0.11% as it settles in region of 3500.02, up +3.12 points in these moments. In addition, the S&P 500 is trading in positive territory, operating at 1670.47, ascending +3.10 points or +0.18% at the time of writing. Finally, the Dow Jones has edged lower at the opening, trading in the zone of 15383.51, presently +0.23% after a movement of +48.23 points.

Sectors are nearly all mixed at the opening, however the Conglomerates and Healthcare sectors have distinguished themselves as the winners thus far, contracting +0.41% and +0.46% respectively. In other news, the price of crude is testing USD $96.54/bbl Tuesday.

Flash: USD profit taking ahead of Bernanke tomorrow - Societe Generale

Alvin T. Tan, FX Strategist at Societe Generale notes that the market is taking profit on USD longs ahead of Chairman Bernanke's Congressional testimony tomorrow.
Read more Previous

Sterling resuming a bear trend?

Sterling had been trading in an ascending channel before the release of CPI where the support line was well and truly breached.
Read more Next
Start livechat