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FXstreet.com (Barcelona) - The US Stock market experienced edged higher Tuesday, attempting to pare the losses of yesterday’s risk-off movement, induced by Cyprus. In the United States, the S&P/Case-Shiller Home Prices Indices (YoY) came in at +8.1% in January, against a projected +7.9%. Earlier, Durable Good Orders were reported at +5.7% in the month of February, beating expectations of +3.8%. In addition, Durable Goods Orders ex-Transportation have contracted -0.5% in February, against estimates of +0.5% growth.
Beginning with the indices and composites, the NASDAQ rose +0.43% as it settles in region of 3249.59, up +13.95 points in these moments. In addition, the S&P 500 is trading in positive territory, operating at 1558.47, ascending +6.88 points or +0.44% at the time of writing. Finally, the Dow Jones has edged higher at the opening, trading in the zone of 14512.80, presently +0.45% after a movement of +65.45 points.
Sectors are all positive currently, however the Transportation and Basic Materials sectors have distinguished themselves as main winners thus far, advancing +0.55% and +0.46% respectively. In other news, the price of crude has settled above USD $95.60/bbl Tuesday, trading near session highs.
