American equity markets fall along with commodities

FXstreet.com (Barcelona) - The US stock market experienced a negative opening Monday, having started off the week in the red. In the United States, the NY Empire State Manufacturing Index came in at 3.05 in April, against expectations of 6.50. Moreover, the Net Long-term TIC Flows (February) yielded a result of $-17.8B, against estimates of $41.3B.

Beginning with the indices and composites, the NASDAQ fell -0.41% as it settles in region of 3281.49, down -13.48 points in these moments. In addition, the S&P 500 is trading in negative territory, operating at 1580.80, descending -7.95 points or -0.50% at the time of writing. Finally, the Dow Jones has edged lower at the opening, trading in the zone of 14779.41, presently -0.44% after a movement of -65.80 points.

Sectors are mostly lower at the opening, however the Basic Materials and Energy sectors have distinguished themselves as the main loser thus far, crashing -2.66% and -1.76% respectively. In other news, the price of crude is testing USD $89.24/bbl Monday.