Our Market Comments as of June, 3rd 2014 US Equity markets - TopicsExpress

Our Market Comments as of June, 3rd 2014 US Equity markets closed the trading in negative territory last night. Low participation and meager volumes, as well as lack of conviction at this point in time left investors numb ahead of the ECB meeting tomorrow. The Dow Jones Industrial registered loses of -0.13%, followed by the Technological sector Nasdaq Composite lower by 0.07%, whereas the S&P500 lost -0.04%. The day started with major indices heading lower by 0.50% accross the board, with major hedge funds selling out profitable positions ahead of ECB. The improvement on the ISM NY to 55.3 from 50.6 previous, and Durable good Orders boosted risk appetite leading stocks at parity toward the end of the day. European markets are expected to be flat in expectation of further news from Mario Draghi.

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