American equity markets open negative after Holiday weekend

FXstreet.com (Barcelona) - The US Stock gave back some of recent weeks gains Monday, following a very soft opening. In the United States, ISM Manufacturing PMI (March) came in at 51.3, missing expectations of 54.1 In addition, Construction Spending (MoM) grew by +1.2% in February, beating estimates of only +1.0%. Finally, ISM Prices Paid (March) recorded a figure of 54.5, relative to projections calling for 59.8.

Beginning with the indices and composites, the NASDAQ fell -0.40% as it settles in region of 3253.69, down -13.85 points in these moments. In addition, the S&P 500 is trading in negative territory, operating at 1564.81, descending -4.28 points or -0.28% at the time of writing. Finally, the Dow Jones has edged higher at the opening, trading in the zone of 14581.16, presently +0.02% after a movement of +2.62 points.

Sectors are all negative currently, however the Consumer Cyclical and Capital Goods have distinguished themselves as main losers thus far, declining -0.95% and -0.84% respectively. In other news, the price of crude has settled above USD $96.18/bbl Monday, trading off its session highs.