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US Equities take a pause

FXStreet (Mumbai) - The US Equity markets are trading marginally lower today following a rally that pushed the major indices to repeated record highs.

The DJIA is trading 0.02% lower at 17,363.5, while the S&P futures are trading 0.13% lower at 2008.45 levels. The SPDR Energy Select Sector fund is trading lower by 1.6% at 84.685. Chevron Corp is trading lower by 1.15%. Meanwhile, the S&P energy index is down 3.3% in 2014. Though broader markets are looking positive, the energy sector appears weak due to a fresh sell-off in the Crude prices.

Meanwhile, the earnings continue to dominate the market sentiment. Alibaba Group Holding shares advanced 1.48% after posting revenue growth of 53.7%. Priceline Group Inc. fell 7.46% after reporting its earnings. Regeneron Pharmaceuticals Inc is down more than 5% after cutting the top end of its full-year sales outlook. Investors are also focused to some extent on the midterm elections.

United States ISM New York index: 54.8 (October) vs previous 63.7

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