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American equity markets pare early week gains

FXstreet.com (Barcelona) - The US stock market opened managed to open lower Wednesday, with little happening across the United States data wires. The focus this morning has been squarely elsewhere in Europe and in Canada, which is set to unveil its rate decision. In the United States, the Redbook Index (YoY) (May 19) grew +2.7% in May, compared to a figure of +2.4% previously. In addition, the Redbook Index (MoM) (May 19) has climbed +0.6%, marking an improvement vs. a previous result of +0.5%.

Beginning with the indices and composites, the NASDAQ fell -0.66% as it settles in region of 3465.83, down -22.96 points in these moments. In addition, the S&P 500 is trading in negative territory, operating at 1646.56, descending -13.49 points or -0.81% at the time of writing. Finally, the Dow Jones has moved lower at the opening, trading in the zone of 15305.33, presently -0.68% after a movement of -104.06 points.

Sectors are all red at the opening, however the Consumer non Cyclical and Healthcare sectors have distinguished themselves as the losers thus far, growing -0.82% and -0.87% respectively. In other news, the price of crude is testing USD $94.56/bbl Wednesday.

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