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American equity markets open negatively despite upbeat retail sales

FXstreet.com (Barcelona) - The US stock market opened in negative territory Monday, following a weekend filled with talks of stimulus stoppages in the US and the G7. Regarding data today, in the United States, Retail Sales (MoM) grew at a rate of +0.1% in April, against expectations of -0.3%, compared with -0.4%. In addition, Retail Sales ex Autos (MoM) were reported at -0.1% in April, matching projections calling for -0.1%.

Beginning with the indices and composites, the NASDAQ fell -0.16% as it settles in region of 3431.20, down -5.54 points in these moments. In addition, the S&P 500 is trading in negative territory, operating at 1630.05, descending -3.55 points or -0.20% at the time of writing. Finally, the Dow Jones has edged lower at the opening, trading in the zone of 15078.56, presently -0.26% after a movement of -39.93 points.

Sectors are nearly all negative at the opening, however the Basic Materials and Transportation sectors have distinguished themselves as the losers thus far, falling -0.42% and -0.28% respectively. In other news, the price of crude is testing USD $95.31/bbl Monday.

Forex: USD/CAD hovers below 1.0100

The Canadian dollar has continued to push higher versus its US counterpart after news that US retail sales unexpectedly rose in April.
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