OctaFX | OctaFX Forex Broker
Open trading account
Back

American equity markets open cautiously on European concerns

The US Stock market experienced a slightly negative opening Tuesday as investors take a collective breathe following a weeklong stint of positive gains. The mood in Europe was cautious and tepid at best following the downgrade in Italy and renewed worries for the future of the bolc’s third largest economy.

Beginning with the indices and composites, the NASDAQ fell -0.25% as it settles in region of 3245.31, down -8.17 points in these moments. In addition, the S&P 500 is trading in negative territory, operating at 1554.17, descending -1.67 points or -0.11% at the time of writing. Finally, the Dow Jones has moved lower at the opening, trading in the zone of 14443.76, presently -0.02% after a movement of -3.52 points.

Sectors are all mixed currently, however the Consumer cyclical and Technology sectors have distinguished themselves as main losers thus far, contracting +0.59% and +0.25% respectively. In other news, the price of crude has settled below USD $93.17/bbl Tuesday.

Forex: AUD/USD reaches 2-week highs

The Australian dollar advanced to its highest level in over 2 weeks against the greenback, supported by market's positive mood.
Read more Previous

Forex: EUR/USD extends gains into the NY open

The shared currency has extended gains versus the dollar, breaking this week's range to the upside, despite the negative opening in Wall Street. EUR/USD rose to its highest level since the post-NFP sell-off amid reports of real money buying euro crosses.
Read more Next
Start livechat