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American equity markets pull back Thursday

FXstreet.com (Barcelona) - The US Stock market experienced a lower opening Thursday after the release of economic data. In the United States, Initial Jobless Claims (March 17) came in at 336K, against expectations of 342K, and compared with 334K previously. In addition, Continuing Jobless Claims (March 10) were reported at 3.053M, exceeding estimates of 3.050M, and relative to 3.024M previously. Finally, the Housing Price Index (MoM) yielded a result of +0.6% in January, vs. a consensus of +0.7%.

Beginning with the indices and composites, the NASDAQ fell -0.55% as it settles in region of 3236.18, down -18.55 points in these moments. In addition, the S&P 500 is trading in negative territory, operating at 1552.01, descending -6.43 points or -0.43% at the time of writing. Finally, the Dow Jones has edged lower at the opening, trading in the zone of 14449.51, presently -0.43% after a movement of -62.52 points.

Sectors are all negative currently, however the Technology and Consumer Cyclical sectors have distinguished themselves as main losers thus far, advancing -1.03% and -0.81% respectively. In other news, the price of crude has settled below USD $92.88/bbl Thursday.

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