(Finance) – Wall Street starts trading lowerafter closing yesterday just subdued, on a festive day with little inspiration on the macroeconomic and corporate front.
They contribute to weighing on the indices some disappointing macroeconomic datalike the preliminary data on foreign trade, which highlights a increase in the deficit to 102.86 billion dollarswell above expectations, due to the surge in imports. The data erased the positive climate fueled yesterday by the weekly claims for unemployment benefitsfell more than expected to 219 thousand units in the last week. All eyes now on the weekly statistics relating to crude oil inventories and gas storage.
It also contributes to depressing the market the increase in government bond yieldswith the ten-year benchmark it has achieved a maximum yield of 4.64%at the highest since May.
Few ideas on the Corporate front where only tech companies shine with their own light.
On the square in New Yorkmoves fractionally lower Dow Jones which is leaving 0.23% on the floor. They make it worseS&P-500which continues the day below parity at 6,006 points (-0.67%), and the Nasdaq 100 (-1.2%). Also in red isS&P 100 (-0.89%).