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American equity markets recovery Tuesday

FXstreet.com (Barcelona) - The US Stock market experienced a slightly higher opening Tuesday, as investors collect themselves after the initial shock surrounding Cyprus that roiled equities yesterday. Moreover, earlier today in the United States, Housing Starts (MoM) came in at 0.917M in February, beating projections of 0.915M. Finally, Building Permits (MoM) yielded a figure of 0.946M, against estimates of only 0.925M.

Beginning with the indices and composites, the NASDAQ rose +0.25% as it settles in region of 3245.49, up +8.22 points in these moments. In addition, the S&P 500 is trading in positive territory, operating at 1554.57, ascending +2.47 points or +0.16% at the time of writing. Finally, the Dow Jones has edged higher at the opening, trading in the zone of 14489.61, presently +0.26% after a movement of +37.55 points.

Sectors are all positive currently, however the Consumer non-Cyclical and Conglomerates sectors have distinguished themselves as main winners thus far, advancing +0.41% and +0.57% respectively. In other news, the price of crude has settled below USD $93.65/bbl Tuesday.

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