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17 Jul 2013
US equities move higher ahead of Bernanke speech
FXstreet.com (New York) - The US stock market experienced a positive opening Wednesday, with many investors tuned into the Bernanke speech that is scheduled for within the hour.
In the United States, Housing Starts (MoM) were reported at 0.836M in June, missing estimates of 0.960M. Moreover, Building Permits (MoM) also came in at 0.911M in June, failing to meet expectations of 1.000M.
Beginning with the indices and composites, the NASDAQ rose +0.22% as it settles in region of 3606.73, up +8.01 points in these moments. In addition, the S&P 500 is trading in positive territory, operating at 1681.46, ascending +5.31 points or +0.32% at the time of writing. Finally, the Dow Jones has moved higher at the opening, trading in the zone of 15479.29, presently +0.18% after a movement of +27.64 points.
Sectors are all higher at the opening, however the Basic Materials and Energy sectors have distinguished themselves as the winners thus far, rising +0.87% and +0.55% respectively. Moreover, the price of gold has settled at $1294.60 per oz., while silver is now negotiating a spot price of $20.04 per oz. Wednesday.
In the United States, Housing Starts (MoM) were reported at 0.836M in June, missing estimates of 0.960M. Moreover, Building Permits (MoM) also came in at 0.911M in June, failing to meet expectations of 1.000M.
Beginning with the indices and composites, the NASDAQ rose +0.22% as it settles in region of 3606.73, up +8.01 points in these moments. In addition, the S&P 500 is trading in positive territory, operating at 1681.46, ascending +5.31 points or +0.32% at the time of writing. Finally, the Dow Jones has moved higher at the opening, trading in the zone of 15479.29, presently +0.18% after a movement of +27.64 points.
Sectors are all higher at the opening, however the Basic Materials and Energy sectors have distinguished themselves as the winners thus far, rising +0.87% and +0.55% respectively. Moreover, the price of gold has settled at $1294.60 per oz., while silver is now negotiating a spot price of $20.04 per oz. Wednesday.