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The US Stock market experienced a negative opening Thursday, unable to escape the same fate as its European counterpart. However, whereas the European economy looked to be bogged down in a quagmire, the US economy showed some upbeat data earlier today – .n the United States, Initial Jobless Claims (February 10) have come in at only 341K, against a consensus of 360K. In addition, Continuing Jobless Claims (February 3) were reported at 3.114M, against estimates calling for 3.200M.
Beginning with the indices and composites, the NASDAQ fell -0.32% as it settles in region of 3186.72, down -10.36 points in these moments. In addition, the S&P 500 is trading in negative territory, operating at 1516.62, descending -3.71 points or -0.24% at the time of writing. Finally, the Dow Jones has moved lower at the opening as well, trading in the zone of 13945.90, presently -0.26% after a stumble of -37.01 points.
Sectors are all in the red at the opening, however the Consumer non-Cyclical and Basic Materials sectors have distinguished themselves as the lone winners thus far, rising +1.19% and +0.10% respectively. In other news, the price of crude has settled above USD $97.57 Thursday.
