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FXstreet.com (Barcelona) - The US stock market experienced a negative opening Friday after a tranche of economic data in the US. Retail Sales (MoM) contracted -0.4% in March, compared with estimated of zero change. Meanwhile, the Producer Price Index (MoM) yielded a figure of 0.2% in March, against expectations of 0.2%. Retail Sales ex autos (MoM) also fell -0.4% in March, missing a projected 0.0% change.
Beginning with the indices and composites, the NASDAQ fell -0.32% as it settles in region of 3289.98, down -10.41 points in these moments. In addition, the S&P 500 is trading in negative territory, operating at 1587.27, descending -6.12 points or -0.38% at the time of writing. Finally, the Dow Jones has edged lower at the opening, trading in the zone of 14818.37, presently -0.31% after a movement of -46.77 points.
Sectors are all negative the opening, however the Basic Materials and Energy sectors have distinguished themselves as the main loser thus far, falling -0.57 and -0.55% respectively. In other news, the price of crude is testing USD $91.60/bbl Friday.
