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Wall Street closes mixed on bad US data and earnings

FXstreet.com (San Francisco) - While the Dow Jones closed lower on Wednesday, the S&P 500 ended flat and the Nasdaq finished the day with gains as investors were trading on mixed corporate earnings and an ugly durable goods orders.

In the United States, Durable Goods Orders (March) came in at -5.7%, against expectations of just -2.8%. Moreover, Durable Goods Orders ex Transportation yielded a figure of -1.4% in March, vs. a projection of +0.5%.

The DJIA declined 43.16 points or 0.29% to end the day at 14,676.30. The S&P 500 added 0.01 points, almost flat on the day to remain at 1,578.79. The Nasdaq Composite advanced 0.32 points or 0.01% to 3,269.65.

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The Greenback traded lower on Wednesday against its major competitors as investors were cautious on the back of an ugly US durable goods data that surprised market. Italy has done a new step to normalization after president Napolitano called Enrico Letta to form government.
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Following the April 17 decline from 1.53 tops to the 1.52 lows, the GBP/USD has been trading sideways between 1.5220 and 1.5295. The Cable has been looking vainly for a catalyst to break range in any direction but Thursday's UK GDP could be different.
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