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American equity markets tumble on Cyprus

FXstreet.com (Barcelona) - The US Stock market experienced a lower opening Monday investors digest the news surrounding Cyprus. Beginning with the indices and composites, the NASDAQ fell -0.97% as it settles in region of 3217.29, down -31.46 points in these moments. In addition, the S&P 500 is trading in negative territory, operating at 1547.32, descending -13.49 points or -0.86% at the time of writing. Finally, the Dow Jones has edged lower at the opening, trading in the zone of 14418.92, presently -0.66% after a movement of -95.92 points.

Sectors are all negative currently, however the Financial and Energy sectors have distinguished themselves as main losers thus far, contracting -1.32% and -1.12% respectively. In other news, the price of crude has settled below USD $92.08/bbl Monday.

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