American equity markets edge higher despite weak US durable goods

FXstreet.com (Barcelona) - The US stock market climbed slightly higher Wednesday, notching modest gains at the opening on concerns over a sluggish US economy. In the United States, Durable Goods Orders (March) came in at -5.7%, against expectations of just -2.8%. Moreover, Durable Goods Orders ex Transportation yielded a figure of -1.4% in March, vs. a projection of +0.5%.

Beginning with the indices and composites, the NASDAQ climbed +0.01% as it settles in region of 3269.62, up +0.25 points in these moments. In addition, the S&P 500 is trading in positive territory, operating at 1580.68, ascending +2.09 points or +0.12% at the time of writing. Finally, the Dow Jones has edged higher at the opening, trading in the zone of 14736.08, presently +0.11% after a movement of +16.62 points.

Sectors are all lower at the opening, however the Capital Goods and Basic Materials sectors have distinguished themselves as the winners thus far, rising +1.24% and +1.52% respectively. In other news, the price of crude is testing USD $89.61/bbl Wednesday.