1 Aug 2013
US equities jump on lowest jobless claims in 6 years
FXstreet.com (New York) - The US stock market moved higher Wednesday, boosted by a better-than-projected GDP in Q2.
In the United States, Initial Jobless Claims (July 26) came in at 326k, beating estimates of 345k. Moreover, Continuing Jobless Claims (July 20) yielded a figure of 2.951M, against expectations of 2.994M. Finally, Markit Manufacturing PMI improved to 53.7, besting a projection of only 53.1.
Beginning with the indices and composites, the NASDAQ rose +0.99% as it settles in region of 3662.40, up +35.82 points in these moments. In addition, the S&P 500 is trading in positive territory, operating at 1701.43, ascending +15.71 points or +0.93% at the time of writing. Finally, the Dow Jones has moved higher at the opening, trading in the zone of 15635.90, presently +0.88% after a movement of +136.66 points.
Sectors are all higher at the opening, however the Consumer Cyclical goods and Financial sectors have distinguished themselves as the winners thus far, gaining +1.05% and +0.90% respectively. Moreover, the price of gold has settled at $1321.91 per oz., while silver is now negotiating a spot price of $19.74 per oz. Thursday.
In the United States, Initial Jobless Claims (July 26) came in at 326k, beating estimates of 345k. Moreover, Continuing Jobless Claims (July 20) yielded a figure of 2.951M, against expectations of 2.994M. Finally, Markit Manufacturing PMI improved to 53.7, besting a projection of only 53.1.
Beginning with the indices and composites, the NASDAQ rose +0.99% as it settles in region of 3662.40, up +35.82 points in these moments. In addition, the S&P 500 is trading in positive territory, operating at 1701.43, ascending +15.71 points or +0.93% at the time of writing. Finally, the Dow Jones has moved higher at the opening, trading in the zone of 15635.90, presently +0.88% after a movement of +136.66 points.
Sectors are all higher at the opening, however the Consumer Cyclical goods and Financial sectors have distinguished themselves as the winners thus far, gaining +1.05% and +0.90% respectively. Moreover, the price of gold has settled at $1321.91 per oz., while silver is now negotiating a spot price of $19.74 per oz. Thursday.