OctaFX | OctaFX Forex Broker
Open trading account

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.
Read more Previous

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.
Read more Next
Start livechat