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American equity markets cap off two-day weakness

FXstreet.com (Barcelona) - The US stock market again opened lower Friday, concluding a late week weakness across global equities. In the United States, Durable Goods Orders (April) grew +3.3%, against projections of just +1.5%, and compared with -6.9% previously. In addition, Durable Goods Orders ex Transportation (April) were reported at +1.3%, against expectations of +0.5%.

Beginning with the indices and composites, the NASDAQ fell -0.44% as it settles in region of 3444.45, down -15.18 points in these moments. In addition, the S&P 500 is trading in negative territory, operating at 1643.24, descending -7.15 points or -0.43% at the time of writing. Finally, the Dow Jones has edged lower at the opening, trading in the zone of 15256.03, presently -0.25% after a movement of -38.47 points.

Sectors are nearly all lower at the opening, however the Consumer Cyclical and Basic Materials sectors have distinguished themselves as the losers thus far, contracting -1.67% and -0.77% respectively. In other news, the price of crude is testing USD $93.11/bbl Friday.

EUR/USD erases gains to trade flat

The shared currency failed to sustain the IFO propelled gains versus the greenback and after hitting a daily high of 1.2993, it lost momentum and pulled back. Better-than-expected US durable goods orders data provided some support for the dollar, which dragged EUR/USD back to its opening levels.
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USD/CHF at 0.9620 trading steady post US open

The pair has lost 240 pips on the day since the Asian session, being held off at 0.9600 the figure.
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